President Trump Initiates Historic Joint Stock Exchange Opening, Boosting Dell Shares by 7%
In an unprecedented move, President Donald Trump initiated the opening bell for both the New York Stock Exchange and the Nasdaq on Monday, July 7, 2026. This historic event was not held on the trading floors, but rather, directly from the Oval Office. The joint ceremony marked the official inauguration of Trump Accounts, a novel tax-advantaged investment program for children, established under the One Big Beautiful Bill Act.
The ceremony was graced by the presence of Treasury Secretary Scott Bessent, NYSE President Lynn Martin, Nasdaq CEO Adena Friedman, Senator Ted Cruz, and tech billionaire Michael Dell alongside his wife Susan. The Dell couple generously pledged $6.25 billion to support the program. In addition, SpaceX President Gwynne Shotwell announced her intention to donate SpaceX shares to over two million Trump Accounts.
During his address, Trump encouraged Americans to “go out and buy a Dell computer,” resulting in a surge of Dell Technologies ($DELL) shares by over 7%. The Treasury revealed that more than 6 million children have registered for Trump Accounts, with 1.4 million already qualifying for the $1,000 federal seed deposit. This amounts to an approximate total of $1.4 billion in government funds allocated. Wall Street reacted positively: the Dow Jones Industrial Average closed at a record-breaking 53,055.91, while the S&P 500 and the Nasdaq advanced by 0.72% and 1.12% respectively.
Source: Fortune — Trump rings opening bell for Trump Accounts as Treasury commits $1.4 billion in seed money