Key facts
- The Nasdaq and NYSE will ring the opening bell from the Oval Office for the first time.
- The event is to launch President Donald Trump's "Trump Accounts" investment program.
- The program is scheduled for official launch on July 4.
- The U.S. Treasury will deposit $1,000 as seed money into an investment account for each eligible child.
- Eligible children must have a valid Social Security number and be born between 2025 and 2028.
The Nasdaq and the NYSE will jointly ring the opening bell from the Oval Office next week to celebrate the launch of President Donald Trump's "Trump Accounts" initiative, White House economic adviser Kevin Hassett told CNBC. This marks the first time both exchanges will participate in such a ceremony from the Oval Office.
The "Trump Accounts" program, unveiled earlier this year, is a tax-deferred investment vehicle for U.S. citizens under 18. It is scheduled for an official launch on July 4. Under the scheme, the U.S. Treasury will deposit $1,000 as seed money into an investment account for each child who possesses a valid Social Security number and was born between 2025 and 2028.