Trump Accounts debut starts $8 billion ETF test for Wall Street
U.S. cash equities had yet to open at the dateline. Regular trading for NYSE and Nasdaq starts at 9:30 a.m. ET. The initial takeaway from Trump Accounts stands: it routes a federally-backed child savings plan through U.S. equity funds, launching with State Street Corp. as the default manager. The Treasury said the full version of the app rolled out on July 4, giving families access to balances, mobile contribution tools, and financial education content on phones and tablets. Kids can begin tracking their investments starting Monday, July 6. Treasury said over 50 companies are set to provide Trump Account contributions for employee children.