According to four sources with knowledge of his intentions, President-elect Donald Trump is anticipated to strike the opening bell at the New York Stock Exchange on Thursday, December 12, 2024, the ceremonial start of the day’s business, according to Reuters. The individuals who verified the bell-ringing talked to The Associated Press under anonymity because they were not permitted to speak about the incident in public.
Additionally, Trump, who was awarded Time’s “Person of the Year” in 2016, is probably going to win the award again. The 2024 Person of the Year will be revealed by TIME on Thursday. Numerous famous people have already rang the bell. Hollywood actor Sylvester Stallone and his co-stars from the movie “The Expendables” rang the bell, as did South African President and anti-apartheid activist Nelson Mandela. In 1985, Ronald Reagan became the United States’ first sitting president.
In support of Be Best, a public awareness program centred on the welfare of our young people, the New York Stock Exchange hosted fourth-grade kids from the United Nations International School and First Lady Melania Trump on September 23, 2019. Melania Trump, the first lady of the United States, rang the opening bell to commemorate the event.
One of the most iconic pictures of the NYSE is the loud ringing of a bell to signal the beginning or conclusion of the trading day. Trading floor bells is more than simply a lively tradition. The orderly running of the marketplace depends on making sure that no trades take place before the opening or after the closing.
With the advent of continuous commerce in the 1870s, bells were first used at the Exchange. The bell was originally a Chinese gong. However, the gong was replaced with a bronze bell that was electrically operated and big enough to echo over the main trading floor when the Exchange moved to its current site in 1903. These days, a single panel controls the synchronised bell for each of the four trading zones on the NYSE.
The bells are made by the G. S. Edwards Company in Norwalk, Connecticut. In 1956, Leonard Ross rang the opening bell as the first visitor. The 10-year-old had answered questions on the financial sector and won a televised quiz show. The U.S. stock market surged after Trump’s election victory in 2024, highlighting American economic worries and the strength of American capitalism.
Following US inflation data on Wednesday, the Nasdaq broke beyond the 20,000-point mark for the first time, raising hopes of a Federal Reserve interest rate decrease. As the electric vehicle manufacturer continued its run following the U.S. presidential election, Tesla shares increased by about 6% to a record high. With gains ranging from 1.2% to 5.5%, Nvidia and other mega-cap growth stocks, such as Alphabet and Amazon, also concluded higher. Apple lost 0.5 per cent.
