President Donald Trump’s return to the White House on January 20 triggered significant turbulence in both U.S. domestic and foreign policies, causing global financial markets to react dramatically. With his multi-front trade war and erratic tariff decisions, supply chains have been disrupted, business outlooks clouded, and recession fears heightened, leading to an almost 8% drop in the S&P 500 since his inauguration. As Trump marks his first 100 days in office, a clear division emerges between the winners and losers in the U.S. stock markets.

Among the winners, data analytics provider Palantir stands out, enjoying a nearly 60% surge due to key partnerships with entities such as the Department of Defense and Elon Musk’s SpaceX. Similarly, conservative news channel Newsmax and gold mining companies like Newmont and Barrick Gold have seen significant gains amidst policy uncertainties.

Conversely, U.S. carriers like Delta Air Lines and American Airlines have suffered substantial losses due to tariffs and declining travel demand. Electric automaker Tesla also faced a 33% decline, attributed to concerns over CEO Elon Musk’s involvement in government roles. Additionally, department store operators like Kohl’s and electronics firms such as Teradyne and Zebra Technologies experienced notable setbacks in the market.

Overall, Trump’s policies have created a volatile landscape for various industries, with winners capitalizing on specific opportunities while losers navigate challenges and uncertainties. The market reactions reflect the complex interplay between political decisions and economic outcomes, shaping the trajectory of businesses in the current administration.