Wayfair shares surge 30% as US furniture sales show signs of post-pandemic recovery

Wayfair stock jumped 30% after the company reported its U.S. business is recovering from a post-pandemic slump, with the latest period marking its best second quarter since 2020. Total revenue rose 7.5% to $3.52 billion, with U.S. sales up 9%, driven by strong performance in its luxury brands. The online furniture retailer swung to a narrow loss of $1 million for the quarter.