Additional Coverage:
- Trump’s $5.2M Dell stock purchase exposed as his latest comments cause price to surge (themirror.com)
During a recent Oval Office event with officials from the New York Stock Exchange and Nasdaq, President Donald Trump encouraged his supporters to purchase Dell computers. The occasion marked the celebration of the launch of “Trump accounts,” a new Treasury Department initiative aimed at encouraging financial education and savings for children.
While acknowledging Michael and Susan Dell for their donations, Trump quipped, “Go out and buy a Dell computer,” prompting laughter among those present. Notably, the president has acquired up to $5.2 million in Dell stock this year, a detail that has drawn attention given his public endorsement.
Following Trump’s remarks, Dell’s stock price saw a significant uptick, rising from around $394 to $420.33 per share. The comments sparked mixed reactions on social media, with some users expressing skepticism about the endorsement and others raising concerns about potential insider trading.
The “Trump Accounts” program, launched on July 4, allows parents to open accounts for their children and access updated financial education tools via an app. Treasury Secretary Scott Bessent highlighted recent updates to the app, enhancing its educational offerings.
National Economic Council Director Kevin Hassett announced plans for a joint opening bell ceremony by the Nasdaq and New York Stock Exchange to take place from the Oval Office, underscoring the administration’s push to promote the new accounts. This event will mark the first time both exchanges ring the opening bell together from the White House.
President Trump last participated in ringing the opening bell in December 2024, following his successful campaign to return to the presidency.