The US Treasury has launched Trump Accounts, a tax-advantaged investment program for children under 18, starting with a $1,000 federal seed contribution and allowing up to $5,000 additional contributions from family and employers. The program initially invests funds in the low-cost State Street SPDR Portfolio S&P 500 ETF (SPYM), with plans to add four more ETFs from BlackRock and Vanguard offering broad market exposure. These ETFs provide options ranging from large-cap S&P 500 stocks to total market coverage including small and mid-cap stocks, helping families tailor long-term investment strategies for their children. The Treasury will soon enable account customization beyond the default SPYM allocation.
The S&P 500 index rose 1.7% last week, marking its best weekly gain in two months and closing just 1.7% below its all-time high set on June 2, 2026. Year-to-date, the S&P 500 is up 9.3%, while the S&P Equal Weight index has outperformed with a 12.2% ...
Wall Street ended the holiday-shortened week higher, driven by optimism over a potential Federal Reserve interest rate cut by year-end despite weaker-than-expected June jobs data. Technology stocks rebounded early in the week amid easing U.S.-Iran te...
The U.S. Treasury Department announced that Trump Accounts will officially launch on July 4, with all contributions initially invested in the low-cost State Street SPDR Portfolio S&P 500 ETF (SPYM). This ETF was chosen for its broad exposure to the U...
In the first half of 2026, U.S.-listed ETFs attracted a record $560 billion in inflows during Q2 alone, setting a new high for any three-month period. This surge was led by low-cost core index ETFs like the iShares Core S&P 500 ETF, alongside strong ...
Ondo Finance has launched the first third-party tokenization of U.S. securities—BlackRock's iShares Core S&P 500 ETF and Micron shares—on a public blockchain within existing U.S. regulations. Partnering with Broadridge, token holders gain full shareh...
