HIGH POINT -- Investors concerned about what they see as escalation to a potential trade war had major stock averages dropping on Tuesday morning.
President Trump had said he’s considering tariffs on another $200 billion in Chinese goods if China doesn’t accommodate U.S. trade demands, and markets reacted immediately.
Shortly after 2 p.m., the Dow Jones Industrial Average was off 1.19% to 24,689.97; the S&P 500 was down 0.42% to 2,762.08; and Nasdaq was off 0.47% at 7710.83.
Home furnishings shares weren’t immune. Here’s a look at some examples in the same time frame:
La-Z-Boy shares were down 0.68% since opening bell.
Leggett & Platt, off 0.2%.
RH, off 1.23%.
Wayfair, down 0.23%.
Williams-Sonoma, off 0.1%.
Flexsteel, off 0.05%.
Dorel, down 2.59%.
At Home Group, off 1.73%.
Some home furnishings shares are doing better today, though:
Bassett was up 3.89% since opening bell.
Tempur Sealy, up 3.72%.
Culp, up 0.96%.
Ethan Allen, up 0.81%.
Hooker Furniture, up 0.74%
Havertys, up 0.68%.
Amazon, up 0.1%