Finance & economics | Everyone’s a loser

Even the Trumpiest stocks are suffering

Investors may have misjudged which firms would thrive under the new administration

Traders work on the floor of the New York Stock Exchange
Photograph: Getty Images

What are the Trumpiest firms? One way to answer the question is by looking at companies in the president’s orbit, such as Tesla, owned by Elon Musk, his billionaire adviser, or the eponymous Trump Media & Technology Group. Another way is to look at firms that saw their prices surge the day after Donald Trump’s election victory, when the biggest gainers included Palantir, a defence contractor; Apollo Global Management and Capital One, two financial giants; and yes, Tesla.

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