New LaunchJul 6, 2026, 10:33 AM
Nasdaq Rings Bell at White House for Trump Accounts Launch
AI Summary
Nasdaq celebrated the launch of "Trump Accounts," a new initiative for long-term investing for American children, by ringing the opening bell live from the White House. This event, marking 250 years of American independence, was the first joint opening bell ceremony between Nasdaq and NYSE. The program provides a $1,000 federal seed contribution for eligible children and allows up to $5,000 in annual contributions. Nasdaq will match the government's contribution for its employees' eligible children and offer payroll deductions.
Key Highlights
- Trump Accounts launched for children under 18.
- US Treasury provides one-time $1,000 seed for eligible children.
- Eligible children born Jan 1, 2025 - Dec 31, 2028.
- Annual contributions up to $5,000 allowed.
- Nasdaq matches $1,000 government contribution for employee children.
- Nasdaq offers payroll deduction for employee contributions.
- First joint opening bell ceremony for Nasdaq and NYSE.
Price Impact
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