On July 2nd, Trump posted on Truth Social that Micron Technology would invest $250 million in Trump's account, which aims to provide financial support for American children. Micron's stock price rose by $9 on the same day. The Trump account was launched on July 4th, and eligible American children's accounts will automatically deposit $1000 in government seed funds. The Trump Children's Investment Account is expected to inject $30 billion to $50 billion in incremental funds into the US stock market in the first year, and families and employers can add up to $5000 annually thereafter.
At the opening of the US stock market, the Dow Jones Industrial Average rose 0.58%, the Nasdaq fell 0.12%, the S&P 500 index rose 0.26%, cryptocurrency concept stocks rose generally, COIN rose 3.88% within the day, and HOOD rose 4.17% within the day.