Trump plugs Dell at White House opening bell, shares soar

Key Points:

• President Donald Trump promoted Dell computers from the White House during a joint ceremony with the New York Stock Exchange and Nasdaq, leading to a more than 7% surge in Dell stock.
• Trump praised Dell CEO Michael Dell and his wife Susan for pledging over $6 billion to the "Trump Accounts," a new tax-advantaged investment program for U.S. children launched on July 4.
• The Trump Accounts provide a $1,000 one-time contribution from the U.S. Treasury for children born between 2025 and 2028, with additional contributions pledged by various companies and executives, including SpaceX and major financial firms.
• The event was attended by prominent CEOs, government officials, and investors who support the initiative, highlighting its goal to promote financial opportunities for all American children.
• Trump has actively traded Dell shares, with financial disclosures showing significant purchases and sales of Dell stock in 2024, and expressed confidence that the Dell family would recoup their donations to the accounts.