Trump Celebrates Stock Market Surge at Wall Street Opening

WHO:

ABC News - President Donald Trump

AP News - Treasury Secretary Scott Bessent

WHAT:

ABC News - Trump rang the opening bells for the New York Stock Exchange and the Nasdaq from the Oval Office.

AP News - Trump stated, “It’s going to go up — I think the market’s going to go through the roof.”

ABC News - Only 33% of U.S. adults approve of Trump’s economic leadership, according to a June survey by The Associated Press-NORC Center for Public Affairs Research.

AP News - The S&P 500 stock index posted gains of 17.9% in 2025, following annual returns of 25% in 2024 and 26.3% in 2023.

AP News - The benchmark stock index has risen roughly 10% so far this year.

AP News - The consumer price index has climbed 4.2% over the past 12 months, up from 3% when Trump started his second term in January 2025.

WHERE:

ABC News - The event took place in the Oval Office.

WHEN:

ABC News - The event occurred on a Monday.

AP News - Trump started his second term in January 2025.

WHY:

ABC News - Trump is trying to get more Americans to focus on their 401(k) investments as the November midterm elections draw closer.

AP News - The Oval Office event was aimed at promoting the launch of Trump Accounts, which were created as a vehicle for children to have investments in stock indexes as part of Republicans’ big 2025 tax and spending cuts bill.

HOW:

ABC News - The launch of Trump Accounts was emphasized by Treasury Secretary Scott Bessent, who noted that many Americans have no direct exposure to stocks.

(UPDATED July 6, 2026 14:13 UTC)

President Trump rang the opening bells for the New York Stock Exchange and the Nasdaq from the Oval Office, aiming to promote the launch of Trump Accounts designed to encourage children's investments in stock indexes. Treasury Secretary Scott Bessent highlighted that many Americans lack direct exposure to stocks, as Trump seeks to draw attention to 401(k) investments ahead of the upcoming midterm elections. Despite the S&P 500 posting impressive gains of 17.9% in 2025 and a rise of roughly 10% so far this year, only 33% of U.S. adults approve of Trump's economic leadership, according to a recent survey.