Interact with Wall Street! Trump will ring the opening bell at the New York Stock Exchange on Thursday
On Wednesday Eastern Time, according to Bloomberg, U.S. presidential candidate Donald Trump plans to appear at the New York Stock Exchange on Thursday and ring the opening bell. As a staunch supporter of the stock market, Trump often views market performance as a touchstone for economic policy and pushed for tax cuts and deregulation during his first term, helping the stock market reach new highs. Trump is conveying his interaction with Wall Street to the market, which is full of expectations for his policies after taking office
On Wednesday, December 11th, Eastern Time, Bloomberg reported, citing informed sources, that U.S. President-elect Donald Trump plans to appear at the New York Stock Exchange this Thursday and ring the opening bell. This news has not been made public yet, but Trump's schedule has been confirmed.
As a staunch supporter of the stock market, Trump has consistently viewed market performance as a litmus test for his economic policies. During Trump's first presidential term, the U.S. stock market reached new highs repeatedly, which he attributed to his massive tax cuts and deregulation policies. Under President Biden's term, the market performance has remained strong, but Trump emphasized during his campaign that this growth reflects investors' expectations of his return to the White House.
Polls show that voters generally support Trump's economic proposals, which include further tax cuts and deregulation aimed at boosting corporate vitality and driving economic growth. Since the results of this election were announced, the S&P 500 index has continued to rise, with the market showing strong anticipation for Trump's upcoming economic policies. However, his comments about potentially imposing comprehensive tariffs on major trading partners have also added a degree of uncertainty to the market outlook.
The New York Stock Exchange frequently invites celebrities and business leaders to participate in the opening bell ceremony, especially during significant moments such as anniversaries or initial public offerings. The Trump family has previously been associated with this ceremony. During his first presidential term, then-First Lady Melania Trump was invited to ring the bell to promote her "Be Best" anti-bullying initiative. According to the New York Stock Exchange, this tradition dates back to 1956 when 10-year-old television quiz show winner Leonard Ross was invited to ring the bell for correctly answering a question about the stock market