Trump rings Wall Street opening bells and says the stock market 'is going to go through the roof'

By Greg Robb

Trump used the occasion to promote the launch of 'Trump accounts,' which are special investment accounts for children under age 18

President Donald Trump spoke Monday about the launch of a new kind of investment account for children.

President Donald Trump on Monday rang the opening bells for both the New York Stock Exchange and the Nasdaq from the Oval Office at the White House.

Trump used the occasion to promote the launch of "Trump accounts," special investment accounts for children under age 18 that are set to give more than 6 million children and their families a way to invest in the U.S. stock market.

Trump has pointed to the recent strength of the stock market as a sign of the success of his administration. In his remarks at the White House Monday, Trump said he was disappointed that it took so long to launch the accounts, which were created under last year's Republican megabill, but he added that the stock market was going to go higher.

"We have a hot country. I think the market is going to go through the roof," Trump said.

"These accounts are going to grow, right along with our booming economy," he added.

The Trump accounts are investment accounts for children under the age of 18 who are U.S. citizens. Babies born between 2025 and 2028 will get $1,000 deposited into their accounts by the government. In addition, some 25 million children ages 10 and under are eligible for $250 in seed money provided by a donation from tech billionaire Michael Dell and his wife, Susan. Formally known as 530A accounts, the accounts essentially function as individual retirement accounts for children. The money can't be accessed until the child turns 18, and it is taxed when it is withdrawn.

Stocks have been charging further into record territory since Trump's inauguration, but there also have been some severe selloffs during his second term in office.

Overall, the S&P 500 index SPX posted a gain of 17.9% in 2025 and is up roughly 9.5% in the year to date.

-Greg Robb

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07-06-26 1042ET