finance
President Trump rings NYSE opening bell from White House to launch Trump Accounts
President Trump rang the opening bell from the Oval Office and promoted Dell Technologies computers. The ceremony marked the launch of tax-advantaged investment accounts for U.S. children.
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President Trump rang the opening bell of the New York Stock Exchange and Nasdaq from the Oval Office on Monday in a joint ceremony with the exchanges. He also promoted Dell Technologies computers during the event. Dell shares rose more than 7 percent after the remarks. "Go out and buy a Dell computer," Trump said.
program details The event launched "Trump Accounts," tax-advantaged investment vehicles available to U.S. children age 18 or younger. The accounts include a one-time $1,000 pilot contribution from the U.S. Treasury Department for babies born from 2025 through 2028.
Michael Dell and Susan Dell attended the ceremony. They pledged more than $6 billion to the accounts, which would provide $250 each for children ages 10 or under born before January 1, 2025.
Other attendees and pledges Other attendees included investor Brad Gerstner, Sen.
Ted Cruz, Treasury Secretary Scott Bessent, U.S. Securities and Exchange Commission Chair Paul Atkins, and NYSE President Lynn Martin. Intercontinental Exchange CEO Jeffrey Sprecher was also present. SpaceX President Gwynne Shotwell said she would gift a share of company stock to a Trump Account for each of more than two million children.
Multiple companies, including Goldman Sachs, Morgan Stanley, Bank of New York Mellon, BlackRock, Charles Schwab, Charter Communications, Chime Financial, Chipotle Mexican Grill, Comcast, Intel, JPMorgan Chase, Micron Technology, Robinhood and SoFi, said they would match the government's $1,000 contribution for their employees' children.
