Wayfair (W) stock price has remained under pressure in the past few years as concerns about weak consumer spending remain. It was trading at $52.67 on Friday, down by over 41.8% from its highest point in July 2023 and 86% from its all-time high during the pandemic.

Largely on the news that a prominent peer in the sector had a smashing second quarter, Wayfair ( W 5.74%) stock rose in sympathy on Friday. The company's share price zoomed nearly 6% higher, easily beating the 0.5% rise of the bellwether S&P 500 index.

U.S. stocks ended mixed on Monday, as traders’ expectations for the Federal Reserve to deliver a 50-basis-point rate cut on Wednesday continued to grow. The Dow Jones Industrial Average went up 228.30 points or 0.