President Donald Trump rang the opening bell from the Oval Office as the Dow Jones closed above 53,000 for the first time, marking the launch of a savings scheme that hands eligible American newborns £749 ($1,000) in free cash.
The so-called Trump Accounts went live on 4 July 2026, timed to the 250th anniversary of American independence, and began their first full trading day on Monday 6 July. Every US-citizen child born between 1 January 2025 and 31 December 2028 qualifies for a one-time £749 ($1,000) seed deposit from the Treasury, invested automatically in a fund that tracks the S&P 500.
