From Yahoo Finance: 2025-05-12 23:04:00

The stock market saw a surge in optimism after the US and China announced a tariff truce, with the Nasdaq up by 4.85%, followed by the S&P 500 at 3.26% and the Dow Jones at 2.81%. Wayfair Inc. (W) saw its share price soar by 20.65% following the news, reaching $39.56 per share. The company sources a significant portion of its products from China, making it a beneficiary of the tariff truce. Wayfair also narrowed its net loss by 54% in the first quarter of the year, despite flat revenues. The company ranks 5th on the list of stocks that soared today, with AI stocks showing greater promise for higher returns.



Read more at Yahoo Finance: Why Wayfair Inc. (W) Soared Today