For the first time in financial history, both the New York Stock Exchange and Nasdaq will ring the opening bell from the same location: the Oval Office. The joint ceremony, scheduled for the week of June 29, 2026, is designed to promote the launch of “Trump Accounts,” a federally backed savings program that gives qualifying American children a $1,000 head start in the stock market.
The program targets children born between 2025 and 2028, and deposits are set to begin on July 4, 2026.
How Trump Accounts actually work
Each eligible child receives a one-time $1,000 federal seed contribution that gets invested in US equity markets. The default investment vehicle is the State Street SPDR Portfolio S&P 500 ETF, ticker SPYM, which carries an expense ratio of just 2 basis points. In English: for every $1,000 invested, annual fees amount to roughly 20 cents.
Parents aren’t locked into SPYM, though. Other eligible investment options include IVV, VTI, SPTM, and ITOT, all broad-market index funds that track large swaths of the US equity landscape. The program also allows additional contributions from family members, employers, and even stock donations.
