US stocks open higher but Nasdaq index is not as lofty as premarket levels
The major US stock indices are opening higher with the Dow industrial average up 0.02%. The S&P index of 0.24%, and the NASDAQ index up 0.53%. The gains in the NASDAQ are about 140 points. In premarket trading there were trading upwards of over 325 points. So there is some apprehension. Pres. Trump opened both the Nasdaq and the NYSE by ringing the bells from the Oval Office to kickstart Trump Accounts.
Some of the big winners at the open:
- Ambarella (AMBA): +8.27%
- Western Digital (WDC): +8.26%
- Vertiv Holdings (VRT): +7.14%
- Broadcom (AVGO): +5.87%
- AMD (AMD): +5.58%
- Arm (ARM): +5.56%
- Qualcomm (QCOM): +5.35%
- GE Vernova (GEV): +4.86%
- Taiwan Semiconductor (TSM): +4.77%
Trump Accounts are a new federally created, tax-advantaged investment account for children. They were created under the One Big Beautiful Bill Act and officially began accepting contributions on July 4, 2026.
Here’s how they work:
- Who is eligible?
- Any U.S. citizen under age 18 with a valid Social Security number can have an account opened.
- Children born between January 1, 2025, and December 31, 2028 are eligible for a one-time $1,000 contribution from the U.S. Treasury, provided the required election is made.
- Contributions
- Family members and others can contribute up to $5,000 per year in total.
- Employers can also contribute, with special tax treatment up to $2,500 annually, subject to program rules.
- How is the money invested?
- The money is invested in low-cost, broad U.S. stock market index funds. At launch, the default investment is the State Street SPDR Portfolio S&P 500 ETF, with additional broad-market ETFs from BlackRock and Vanguard available.
- When can the money be used?
- The account is generally locked until the child turns 18.
- At age 18, it functions similarly to a traditional IRA, allowing funds to remain invested or be withdrawn under the program’s rules.
This article was written by Greg Michalowski at investinglive.com.