Financial markets around the world are reeling following President Donald Trump’s latest and most severe volley of tariffs, and the U.S. stock market is taking the worst of it so far.

New tariffs cause global stock markets to plunge with U.S. allies expected to retaliate - President Trump says he will impose blanket tariffs on all countries, hitting China and Europe hardest

Newsmax's stock took flight immediately following its IPO, soaring as much as 2,230% by Tuesday. Yesterday, however, shares of Newsmax plummeted 77%.

The move could bolster Intercontinental Exchange-owned NYSE, which on Monday became the first exchange to operate in Texas.

President Donald Trump’s media venture is forging a symbolic link to Texas, becoming the first company to list on the New York Stock Exchange’s upstart outpost in the Lone Star State.

Consumer Staples sector (NYSEARCA:XLP) was the lone gainer in Thursday’s stock rout, a move in line with a suggestion from The Bahnsen Group’s leader to focus on defensive areas as markets digest the Trump administration’s tariff plans.

Investors spooked by Trump's reciprocal tariff policy continued a selloff at the market open Thursday with the Dow plunging 1,400 points.

Trump Media & Technology Group said on Monday it has become the first company to be listed on NYSE Texas, handing an early boost to the exchange as it gears up for fierce competition in the Lone Star state.

Imported steel and aluminum already subject to a 25% tariff are excluded from President Trump's new levies, providing some relief for metal buyers that would have faced significantly higher prices, but the new tariffs nevertheless will raise the cost of raw materials for steelmakers that operate electric arc furnaces,