100-day milestone of Trump's presidency was marked by 8% drop in S&P 500

According to a report by Reuters, the S&P 500 index has fallen nearly 8% since the inauguration of US President Donald Trump. The decline is largely attributed to his aggressive trade policies and unpredictable imposition of tariffs, which have dampened prospects for global economic growth.

The S&P 1500 Airlines index has been hit even harder, plummeting nearly 30% since January 20. Airlines have faced mounting challenges, including restrictions imposed by the Trump administration and weakening travel demand. As a result, major carriers such as Delta, American, and Southwest have withdrawn their annual forecasts amid growing uncertainty.

The airline industry has been actively lobbying in Washington for a duty exemption. Industry representatives argue that the measures disproportionately harm an already struggling sector. According to Reuters experts, the combination of rising costs and weakening demand could lead to further downward revisions in forecasts.

On a brighter note, Palantir Technologies saw its shares rise nearly 60%, driven by its collaboration with the US Department of Homeland Security and partnerships with companies like SpaceX and Anduril. Palantir posted the best performance of any stock in the S&P 500 during the first 100 days of the Trump presidency, the agency noted.