Trump Rings the Opening Bell for the New York Stock Exchange at the White House... "Go Buy a Dell Computer"

[Financial News]  

U.S. President Donald Trump held a bell-ringing ceremony at The White House Oval Office on the 6th (local time) to mark the opening of the New York Stock Exchange (NYSE). The event commemorated the practical launch of the "Trump Accounts" program starting that day.
Right after ringing the bell, Trump boosted the company of his political patron Michael Dell by saying, "Go out and buy a Dell computer." Dell Technologies shares jumped more than 7% shortly after the market opened.
Trump had made the same remark in May, when he praised the Dells for pledging to donate more than $6 billion to the "Trump Accounts" program.
Trump said, "Michael and Susan Dell, they are truly amazing," adding that the couple's donation would be repaid "in some way, and we will later ask them to donate an additional $6 billion."
According to CNBC and other foreign media outlets, Trump held the first-ever bell-ringing ceremony linked to the New York Stock Exchange (NYSE) and Nasdaq from the Oval Office at The White House.
The event was designed to promote the "Trump Accounts" program, which officially launched on the 4th, the 250th anniversary of U.S. independence.
Trump Accounts is an asset-building program for American children and teenagers under the age of 18. The Treasury Department will provide $1,000 each to those born between 2025 and 2028, and companies have also agreed to make donations.
SpaceX President Gwynne Shotwell also said on social media platform X that the company would donate one SpaceX share each to the Trump Accounts of more than 2 million children.
Goldman Sachs, Morgan Stanley, Bank of New York Mellon, BlackRock, Charles Schwab, Chipotle Mexican Grill, Comcast Corporation, Intel, JPMorgan Chase, Micron, Robinhood, and SoFi also said they would each contribute $1,000 to the Trump Accounts of employees' children.
Meanwhile, according to last week's public disclosure of officials' assets, Trump traded Dell stock 24 times last year. Through five accounts, he bought shares 16 times and sold them eight times.
The transactions took place between Jan. 29 and Nov. 18 last year, with each trade valued at between about $300,000 and $1 million.
dympna@fnnews.com Song Kyung-jae Reporter