Trump just keeps winning.
President-elect Donald Trump is set to make history by ringing the opening bell at the New York Stock Exchange (NYSE) for the first time on Thursday, signaling the ceremonial start of trading for the day. This marks a significant moment, not only because of Trump’s deep ties to New York but also due to his role in shaping the economic landscape of America. Despite being a native New Yorker, Trump has never had the opportunity to participate in the NYSE’s opening bell ceremony until now, which is all the more noteworthy given his prominence as a businessman in the city that never sleeps.
Trump’s decision to ring the bell comes at a time when the U.S. economy is experiencing a remarkable surge following his victory in the 2024 presidential election. The stock market’s response has been nothing short of spectacular, reflecting investor optimism for the future under Trump’s leadership. On the heels of his win, the S&P 500 soared by 2.5%, the Dow Jones jumped 1,508 points (or 3.6%), and the Nasdaq climbed 3%. These gains highlight the market’s belief in Trump’s pro-growth, pro-business policies, which many expect to usher in a new era of economic prosperity.
The NYSE opening bell has been rung by a host of notable figures, including Hollywood stars like Robert Downey Jr. and athletes such as Phil Mickelson. Politicians, too, have participated, with former President Ronald Reagan becoming the first sitting president to ring the bell. His remarks at the time emphasized how tax reform and fiscal discipline would allow the economy to reach its full potential, an ethos that mirrors Trump’s own economic vision.
Though Trump has called Florida home for several years, his roots in New York run deep. This connection to the city was especially evident during his recent trial, where he spent significant time in the Big Apple. Trump’s influence on both the business world and the political sphere continues to shape America’s future, with the stock market rally offering a promising glimpse of what’s to come under his leadership. As the bell rings on Thursday, it will serve as a symbolic affirmation of the economic growth and opportunities Trump aims to deliver to the American people.