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Trump Rings Wall Street Opening Bells, Highlights Stock Market Gains

The report said the benchmark stock index has gained about 10 percent this year, even as consumer prices have increased 4.2 percent over the past 12 months.

,   and  TIPP Staff
2 min read
Trump rings Wall Street's opening bells as he ties his presidency to stock market gains. Pic via(@BNNBloomberg)

President Donald Trump marked the start of trading at the New York Stock Exchange and Nasdaq by ringing their opening bells from the Oval Office, underscoring his administration's focus on the stock market as a measure of economic success.

According to the report, Treasury Secretary Scott Bessent used the occasion to promote Trump Accounts, an investment program created under Republicans' 2025 tax and spending legislation to encourage long-term stock ownership for children.

The report said the benchmark stock index has gained about 10 percent this year, even as consumer prices have increased 4.2 percent over the past 12 months.

The contrast has fueled debate over whether strong market performance reflects the financial reality facing many households.

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According to the report, only one-third of American adults approve of Trump's handling of the economy, while many Americans do not own stocks and therefore do not benefit directly from market gains.

Rising inflation remains a key challenge as the administration promotes its economic record ahead of the November midterm elections.

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tippinsightsPower & Capital Desk

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