Tuesday’s 10 Worst-Performing Stocks

7. Wayfair Inc. (NYSE:W)

Wayfair Inc. tumbled by 12.03 percent anew on Tuesday to end at $24.14 apiece as investors disposed of positions in the company amid the escalating trade tensions between the United States and China.

Wayfair, an online retailer of furniture, decorations, and outdoor items, among others, sources a huge chunk of its supplies from China and is expected to take a beating from the ongoing trade tensions on higher shipping and supply costs.

Retailers in the US already signaled last month that they would likely increase their prices as a result of the tit-for-tat tariffs.

Late last year, an analyst warned that Wayfair, alongside Best Buy and Five Below, would be especially at risk from the tariffs which could result in a plunge in earnings performance.