US President Donald Trump’s first 100 days have sent shockwaves across global financial markets, with trade wars and tariffs causing uncertainty and affecting investor sentiment. Since his inauguration on January 20, the S&P 500 has lost nearly 8% due to these factors.
On the other hand, certain stocks and companies are thriving under the current administration. Palantir, a data analytics provider working closely with the Department of Defense, has surged nearly 60% since Trump took office. Elon Musk’s SpaceX is also partnering with Palantir to build key parts of Golden Dome missile defense shield.
Gold miners, including Newmont, have seen significant gains, driven by U.S. policy uncertainty and fears of recession. Meanwhile, conservative cable news channel Newsmax has advanced over 60% since its IPO.
However, many US carriers, such as Delta Air Lines, American Airlines, and Southwest Airlines, have been negatively impacted due to Trump’s tariffs and softening travel demand. Electric automaker Tesla has also seen a decline of 33% due to concerns about CEO Elon Musk’s involvement with the Department of Government Efficiency.
Some department store operators, like Kohl’s, have also suffered due to consumers cutting back on discretionary spending due to recession worries. Semiconductor-testing equipment maker Teradyne and barcode scanner-maker Zebra Technologies are among the steepest decliners on the S&P 500.
Source: https://www.reuters.com/business/autos-transportation/wall-streets-winners-losers-during-trumps-100-days-white-house-2025-04-29