Newsmax hosts, frequent guests, and the company’s CEO rang the opening bell on Wall Street Thursday just minutes before stocks plunged amid fears of the potential impacts of President Donald Trump’s new tariff policies.
Investors spooked by Trump’s sweeping global “reciprocal” tariff policy continued a selloff at the market open Thursday with the Dow plunging 1,400 points and the Nasdaq and S&P 500 losing 3.7 and 4.9 percent, respectively.
Newsmax, which went public earlier in the week, celebrated its IPO by inviting prominent network faces to join the company’s CEO, Christopher Ruddy, to ring the opening bell.
In a news release, Newsmax said:
Newsmax Inc. CEO Christopher Ruddy rang the opening bell at the New York Stock Exchange Thursday morning to celebrate the company’s stunning debut earlier this week as a public company.He was joined by a crew of Newsmax personalities for the ceremonial ringing at 9:30 a.m. ET.Newsmax’s IPO this past Monday stunned financial markets and media around the globe.
Ruddy,
Also present were network guests and contributors Rudy Giuliani, Mercedes Schlapp, Matt Schlapp, Gordon Chang, and others.
There was no shortage of celebrations:
Immediately after Ruddy rang the bell, the panic that had consumed Wall Street throughout the week continued.
Apple was among the market’s biggest losers Thursday, seeing its share price plunge by nearly 10 percent by 9:50 ET. Others hit hard by the selloff were NVIDIA, Nike, and Wayfair.
Newsmax did note futures showed that markets were in for a “tailspin” before its most prominent faces helped open the trading day.