Why RH Stock Plunged Today
Shares of RH (NYSE: RH) fell on Monday, declining as much as 10% before recovering to a 5% loss as of 1:07 p.m. ET.
Furniture makers got a big boost on Friday, after Federal Reserve Chair Jay Powell's speech hinted at interest rate cuts in the months ahead.
However, the good times didn't last, as President Donald Trump took to his social media platform, Truth Social, this morning to state that furniture-specific tariffs would be forthcoming.
Source Fool.com
