On July 6, 2026, President Donald Trump rang the bell of the New York Stock Exchange (NYSE) from the White House to inaugurate the first trading day for "Trump accounts," a government initiative providing children with a $1,000 investment account. The event marked the first joint opening of the NYSE and Nasdaq exchanges and the first time the bell was rung at the White House.

Trump hosted leaders from both exchanges at the Oval Office for a press conference, emphasizing the program's goal to help children, especially those born into economic hardship, accumulate savings over time. "Those accounts will begin to grow along with our booming economy," Trump said. "We’re giving this money to children so they can have a good life."

The accounts, established by Congress through the One Big Beautiful Bill Act, allow parents, friends, and employers to deposit up to $5,000 annually. Control remains with parents or guardians until the child turns 18, after which the account holder can use the funds for college, buying a home, or starting a business. Trump noted he did not request the accounts be named after him.

Additionally, Gwynne Shotwell, president and CEO of SpaceX, announced a $350 million contribution to the initiative. She specified the funds will target children in lower-income areas, with emphasis on those near SpaceX's central Texas base. Shotwell expressed hope that the gift will inspire the next generation to advance humanity's exploration of space.

Trump also expressed his intention to keep the NYSE bell brought to the Oval Office and display it in the new White House ballroom once completed.

Sources