On Monday, the New York Stock Exchange and the Nasdaq jointly rang their opening bells from the Oval Office, with President Donald Trump presiding — a historic double first, as neither exchange had previously held the ceremony at the White House, nor had both ever opened the…
ading day together. The event marked the first day of trading for Trump Accounts, tax-advantaged investment accounts available to all U.S. children 18 and under
Republicans included the accounts in their sweeping 2025 tax and spending cuts bill as a way to give children access to stock index investments, according to the Associated Press. As part of a pilot program, the Treasury Department will deposit $1,000 into accounts for children whose births fall between 2025 and 2028. Treasury Secretary Scott Bessent said before the bell ringing that 38% of American families have no exposure to equity markets.
The accounts are designed to track stock market growth, similar to retirement savings accounts. A group of corporate executives attended the Oval Office event. Among the executives at the Oval Office were Dell CEO Michael Dell and Visa CEO Ryan McInerney, investor Brad Gerstner told CNBC.