President Trump announced an investigation into furniture imports, causing Wayfair, RH, and Williams-Sonoma stocks to drop. Wayfair fell 7%, RH 6%, and Williams-Sonoma almost 3%. Companies like La-Z-Boy and Ethan Allen, with US manufacturing, saw stock gains. Despite losses, Wayfair shares are up year to date. The investigation’s impact on tariffs remains uncertain. RH’s stock has rallied after moving production out of China.

Read more at Yahoo Finance: Furniture stocks including Wayfair, RH, and Williams-Sonoma sink on new import tariff threat