Why Wayfair Stock Was Slipping This Week

Shares of Wayfair (W -3.23%), the online home furnishings retailer, were among the losers on the stock market this week. News on the company itself was minimal, but the Fed's decision to trim its rate-cut forecast for next year -- from four cuts to two -- hit interest-rate-sensitive stocks like Wayfair hard.As of 11:59 a.m. ET, the stock was down 15.5% for the week, according to data from S&P Global Market Intelligence. What's happening with WayfairWayfair has struggled since the end of the pandemic, as the ...