Reported 7 days ago
Wayfair Inc. (NYSE:W) experienced a significant drop in stock value, down 25.59% to $25.09, as investors reacted to concerns over President Trump's new tariff policies on imports. This decline reflects broader market anxiety, particularly affecting retail sectors. Analysts had previously warned that such tariffs could severely impact companies like Wayfair, leading to lower earnings and increased costs for consumers.
Source: YAHOO