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.

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.

As of midday Monday, Newsmax stock was up by 532%, and shares were trading at a whopping $63.20 apiece. The spike has been so intense that trading was halted for volatility five times in the first 30 minutes after market opening, Bloomberg reports.

The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker "DJT", in New York City, U.S., March 26, 2024. REUTERS/Shannon Stapleton/FilE Photo

The New York Stock Exchange launched its Texas exchange with its first listing by Trump Media & Technology Group.

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With stablecoin legislation expected in 2025, competition is heating up among digital dollar vendors. This latest move could embed Circle’s USDC and USYC, its tokenized money-market fund, within ICE’s global market machinery.

Trump Media & Technology Group said on Monday it will become the first stock to be listed on the New York Stock Exchange Texas, handing an early boost to the venue as it gears up for fierce competition in the state.

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Parker-Hannifin (NYSE:PH) and the best and worst performers in the gas and liquid handling industry.

Wall Street was poised to open with losses as markets anxiously waited to hear the details of President Donald Trump’s latest tariff announcement.