How Markets Are Reacting to Trump’s Second Term

Donald Trump’s return to the White House has upended global markets due to his pledges that included lower borrowing costs, taxes and regulations, and higher tariffs to trade partners. Bloomberg News is tracking the daily gyrations and cumulative impact of President Trump’s second term on a group of assets — US stocks, the dollar, 10-Year Treasury notes, gold and Bitcoin — connected to his administration’s policies.

We’re charting data for every minute of the trading day — updating every five minutes — and indexing it to Nov. 5, 2024, election day, for cumulative gains or losses.