Why Newsmax Stock Soared Today
Newsmax (NYSE: NMAX) stock closed out Tuesday's trading with big gains. The company's share price was up 9.3% at the end of the day and had been up as much as 13.4% earlier in the session.Newsmax's gains came amid a 2.5% rally for the S&P 500 and a 2.7% jump for the Nasdaq Composite. In addition to the bullish backdrop shaping the broader market's trading, the stock saw gains driven by the announcement of a new distribution deal.The stock market bounced back from sell-offs in Monday's trading thanks to comments from U.S. Treasury Secretary Scott Bessent. According to Bloomberg, Bessent said today that the U.S.-China trade war is unsustainable and that there is potential for de-escalation in the near term. Investors have been looking for signs of potential off-ramps as trade tensions have escalated, and today's news helped power big gains for Newsmax and the market at large.Continue reading
Newsmax (NYSE: NMAX) stock closed out Tuesday's trading with big gains. The company's share price was up 9.3% at the end of the day and had been up as much as 13.4% earlier in the session.
Newsmax's gains came amid a 2.5% rally for the S&P 500 and a 2.7% jump for the Nasdaq Composite. In addition to the bullish backdrop shaping the broader market's trading, the stock saw gains driven by the announcement of a new distribution deal.
The stock market bounced back from sell-offs in Monday's trading thanks to comments from U.S. Treasury Secretary Scott Bessent. According to Bloomberg, Bessent said today that the U.S.-China trade war is unsustainable and that there is potential for de-escalation in the near term. Investors have been looking for signs of potential off-ramps as trade tensions have escalated, and today's news helped power big gains for Newsmax and the market at large.