President Trump Rings NYSE and Nasdaq Bells From the White House to Mark Launch of New Savings Initiative

The president took part in a ceremony from the Oval Office to mark the launch of the Trump Accounts program.

On Monday, President Donald Trump celebrated theMqlaunch of Trump Accounts byILO ringing the opening bells of the New York Stock Exchange and Nasdaq from the White House.

The Trump Accounts were established under the One Big Beautiful Bill Act—a package of tax cuts and reforms enacted by Congress and signed into law last year.

“The Trump Accounts are a remarkable initiative for young people,” Trump said, explaining that beneficiaries can start with minimal resources and achieve early financial prosperity.

“This is an objective we have pursued for a quarter of a century,” the president added.

President Donald Trump has promoted the Trump Accounts initiative since the passage of the One Big Beautiful Bill Act. (Win McNamee/Getty Images)

The initiative invests savings in low‑cost index funds, providing broad, diversified exposure ressalua to the U.S. stock market.

GOLDMAN SACHS TO CONTRIBUTE $1,000 TO TRUMP ACCOUNTS FOR ELIGIBLE CHILDREN OF EMPLOYEES

Parents and guardians may contribute up to $5,000 per year to their children’s accounts, while an employer can contribute up to $2,500 annually without affecting the employee’s taxable income.

Accounts will receive an initial $1,000 in federal funds, giving children born between 2025 and 2028 a stronger savings start.

The Trump Accounts app will provide eight exclusive financial literacy modules. (U.S. Department of the Treasury / Fox News)

Upon launch, the Trump Accounts system offers a single investment option, with plans to expand the selection to four additional ETFs in the coming months.

The first available ETF is the State Street SPDR Portfolio S&P 500 ETF (SPYM), a low‑cost exchange‑traded fund that tracks the S&P 500 Index.

Future additions will include two broad U.S. stock‑market ETFs from Vanguard and iShares, a State Street ETF targeting the S&P 1500, and another iShares ETF focused on the S&P 500.

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