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• Newsmax

• U.S. Stocks

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Newsmax

Newsmax debuted on the New York Stock Exchange Monday under the ticker “NMAX,” opening at $14 after pricing its shares at $10, and surging over 700% to close at $83.51. The conservative network raised $75 million from its initial public offering of 7.5 million shares. CEO Christopher Ruddy said the company saw an opening in the center-right space, aiming to compete with Fox News. Newsmax has grown in viewership since Trump’s rise, now ranking fourth among cable news networks behind Fox, MSNBC, and CNN, according to Nielsen. Though its numbers still lag far behind Fox, Newsmax has gained traction with primetime audiences and has started earning carriage fees from pay-TV providers. Ruddy emphasized that the network, despite past legal controversies, maintains an independent editorial stance.

U.S. Stocks

U.S. stocks ended mixed Monday as traders braced for President Trump’s sweeping tariff plans set to be revealed Wednesday. The S&P 500 rebounded from a steep intraday loss to finish up 0.55%, while the Dow added 1% and the Nasdaq slipped slightly. Concerns over broader trade measures and possible economic repercussions—heightened by Trump’s calls for harsher levies on all nations—kept investors cautious. The market has faced sharp losses in March, with the S&P 500 and Nasdaq both ending their quarterly winning streaks. Tech names like Nvidia and Tesla dragged on performance, while defensive stocks saw gains.

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