Why Wayfair's Shares Are Flying Today
Shares of Wayfair (NYSE: W) were surging on Tuesday, as easing concerns about the economy's recovery from the effects of the COVID-19 coronavirus pandemic led investors to snap up shares of the online home-goods retailer.
As of 11:45 a.m. EDT, Wayfair's shares were up about 33.4% from Monday's closing price.
Signs that Congress is close to a major stimulus deal drove the broader market up sharply on Tuesday morning. But Wayfair's gain was outpacing the market as of midday, likely for a couple of reasons.
Source Fool.com