State Street SPDR Portfolio S&P 500 ETF
Coverage of State Street SPDR Portfolio S&P 500 ETF in the Nexus archive.
- Trump rings opening bell for Trump Accounts as Treasury commits $1.4 billion in seed money
President Donald Trump launched Trump Accounts, a children’s investment program, by ringing the opening bell for the New York Stock Exchange and Nasdaq. The Treasury Department reported 6 million children enrolled, with $1.4 billion in federal seed money allocated for eligible participants, while the Dell family pledged $6.25 billion to fund accounts for lower-income families.
- Trump Accounts are now available for kids. Here’s where the money will be invested in the stock market—in line with Warren Buffett’s advice
Trump Accounts, a new custodial IRA for children under 18, launched on the Fourth of July. The Treasury Department will invest contributions in the State Street SPDR Portfolio S&P 500 ETF (SPYM) by default, aligning with Warren Buffett's advocacy for S&P 500 index funds. Eligible children born between 2025 and 2028 receive an initial $1,000, and contributions can come from multiple sources including employers and philanthropists.