Trump rings Wall Street’s opening bells as he ties his presidency to stock market gains
Summary
President Donald Trump rang the opening bells for the New York Stock Exchange and Nasdaq from the Oval Office to highlight stock market gains during his presidency. He promoted "Trump Accounts," a new investment program for children, aiming to increase stock market participation amid inflation concerns and upcoming midterm elections.Key Facts
- President Trump rang the opening bells at the New York Stock Exchange and Nasdaq from the Oval Office.
- He connected his presidency to recent stock market gains, encouraging Americans to focus on their 401(k) investments.
- Trump Accounts were created to help children invest in stock indexes as part of a 2025 Republican tax and spending cuts bill.
- Treasury Secretary Scott Bessent promoted these accounts, noting many Americans do not own stocks.
- About 38% of American adults do not currently own stocks, according to Bessent.
- The S&P 500 rose about 17.9% in 2025 but had higher gains in 2023 and 2024 under President Biden.
- Inflation has increased under Trump’s second term, with the consumer price index rising 4.2% in the past year.
- Trump’s approval rating for economic leadership is low at 33%, partly due to rising inflation.
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