A Wisconsin-based company rang the closing bell at the New York Stock Exchange Thursday — the worst day for Wall Street since 2020.

President Trump’s tariff plans are much more severe than many traders feared, driving a steep selloff in evening trading. U.S. stock-index futures dropped in off-hours trading as investors parsed the details of Trump’s sweeping new tariff policies.

Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.

Shares of Truth Media & Technology Group, the parent company of President Donald Trump's Truth Social platform, plunged more than 6.5% on Wednesday after the company filed papers that would allow the president's trust to sell a large number of shares.

On Wall Street, the S&P 500 rose 0.6% in another roller-coaster day, after being down as much as 1.7% during the morning. The reversal helped the index shave its loss for the first three months of the year to 4.6%, making it the worst quarter in two-and-a-half years.

Long a conservative media also-ran, Newsmax’s stock price has risen and fallen dramatically throughout the week.

Babcock & Wilcox's stock closed Tuesday at an all-time low 46 cents per share. On quarterly earnings call, executives discuss looming debt deadlines.

Newsmax debuted on the New York Stock Exchange on Monday and surged over 700% during its first day of trading, leading to a dozen trading halts following its initial public offering, as its market cap surged to more than $7.3 billion.

Equity Stock Transfer congratulates Chris Ruddy and Newsmax on this milestone and thanks the team at Digital Offering and Vinyl Equity for their assistance in processing the transfers. Equity Stock Transfer through its relationship with Vinyl Equity helped achieve this success using custom systems software jointly developed to service large private offerings which utilize general solicitation and advertising for investors as allowed under the Jobs Act and Regulation D under the Securities Act of 1933.