Signal company

Which company came out on top in today’s market drop? Index. It’s a brand of bedding

HIGH POINT – Only one home furnishing and bedding company emerged on the positive side of Friday afternoon’s market plunge which saw the Dow Jones fall nearly more than 2% losing 630 points to the during the day while the NASDAQ fell nearly 3.8% down nearly 421 points as Wall Street fretted over the September jobs report which showed a tight labor market.

Purple Innovation was the only stock in the sector to see its price increase at the close of the market at 4 p.m. The company’s stock price rose 0.26% to $3.92.

The jobs report is a signal that the Federal Reserve is likely to continue its aggressive interest rate hikes.

Here’s a look at how 30 other home-related stocks tracked by Furniture Today fared during Friday’s bumpy ride:

  • Aaron’s, down 4.14% to $9.49
  • Amazon, down 4.77% to $114.56
  • Arhaus, down 3.32% to $7.27
  • Bassett Home Furnishings, down 3.12% to $15.55
  • Bed Bath & Beyond, down 7.67% to $5.42
  • Jackpots, down 1.26% at $17.23
  • Conn’s, down 5.32% to $7.29
  • Culp, down 2.73% to $4.28
  • Ethan Allen Interiors, down 1.68% at $22.19
  • Flexsteel Inds., down 5.19% at $14.81
  • Franchise Group, owner of Badcock and Buddy’s, down 2.41% to $25.92
  • Havertys, down 2.03% at $25.07
  • Hooker Furnishings, down 2% to $13.23
  • JB Hunt, down 3.06% at $160.06
  • La-Z-Boy, down 3.23% to $22.17
  • Leggett & Platt, down 2% at $34.27
  • Leon’s Furniture, down 3.38% at $16.56 (Toronto Stock Exchange)
  • The Lovesac Co., down 1.02% at $20.31
  • Mohawk, down 2.08% to $95.49
  • Natuzzi, down 3.25% at $5.81
  • Overstock, down 1.67% to $25.92
  • HR, down 3.19% to $256.42
  • Rent-A-Center, down 5.64% to $19.08
  • The Sherwin-Williams Co., down 5.15% at $205.60
  • Sleep Country Canada, down 2% at $22.50 (Toronto Stock Exchange)
  • Sleep Number, down 3.06% to $37.09
  • Tempur Sealy International, down 2.36% at $26.90
  • Wayfair, down 8.97% $30.63
  • Williams Sonoma, down 6.05% at $118.43
  • XPO Logistics, down 2.95% to $48.75

See also:

I’m Sheila Long O’Mara, Managing Editor at Furniture Today. Throughout my 25 year career in the furniture industry, I have served as editor for several industry publications and had a brief stint at a public relations firm where I worked with some of the leading bedding brands in the industry. I joined Furniture Today in December 2020 focusing on bedding and sleep products. It’s a homecoming for me, as I was a writer and editor at Furniture Today from 1994 to 2002. I’m glad to be back and look forward to telling the important stories that impact retailers. and bedding manufacturers.