Donald Trump is slated to ring the New York Stock Exchange’s opening bell on Thursday, presenting a president-elect who has vowed to rejuvenate the US economy a celebratory photo opportunity at an iconic symbol of American capitalism.
Trump’s plans for the NYSE visit were shared by people familiar with his schedule, who spoke on the condition of anonymity to discuss plans that were not yet public. A representative for Trump did not immediately respond to a request to comment.
The NYSE’s trading floor is a fitting venue for a president-elect who has often looked to the stock market to validate his economic policies. Trump during his first term presided over rapid rises in stock prices, which he credited to his sweeping tax cut legislation.
Polls show that voters this year favored Trump based on his pledges to expand the economy through deregulation and additional tax cuts.
Even though markets continued to perform well under President Joe Biden, Trump frequently claimed on the campaign trail that those gains were because traders believed that the Republican would return to the White House.
Investors have seen the S&P 500 rise since the election as they cheer the president-elect’s plans to cut taxes and deregulate. Still the market run threatens to be tested by Trump’s threats to impose sweeping tariffs on major trading partners.