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WSM Williams-Sonoma News Story

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Consumer CyclicalsBalancedLarge CapHigh Flyer

Furniture retailers rise as US, China reach tariff deal

** Shares of U.S. furniture retailers with exposure to China rise premarket as both the countries agree to temporarily pause tariffs for 90-days

** The world's two biggest economies said tariffs would drop sharply with U.S. to cut tariffs on China to 30% from previous 145% and Chinese duties to fall to 10% from prior 125%

** Wayfair W.N jumps 13.9%, Williams-Sonoma WSM.N adds 6.2%, RH rises 16.3%

** Home Depot HD.N up 3.1%, Lowe's LOW.N rises almost 3%

** As of last close, W fell 26% YTD, WSM lost 13.4%, RH declined almost 34%, HD and LOW were down 6.8% and 9.9%, respectively,

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

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