Why Wayfair Stock Was Sinking Today

Shares of Wayfair (NYSE: W) were pulling back today as the online home-furnishings retailer got swept up in the broad market sell-off in response to a hotter-than-expected August inflation reading. As a struggling growth stock in a consumer discretionary industry, Wayfair is more vulnerable to inflation and the macroeconomic implications of it than most stocks. Year-over-year inflation in August came in at 8.3%, or up 0.1% from July, while core inflation, which excludes food and energy, was up 0.6% from July, or up 6.3% over the last year.