Why Wayfair Soared 10.5% Today

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Shares of Wayfair (NYSE: W) soared 10.5% on Wednesday, adding to 8% gains made yesterday as online retailers continue to benefit from optimism over e-commerce sales.

Tuesday’s action was driven by upbeat news from salesforce.com (NYSE: CRM), which reported digital spending in the fourth quarter jumped 50% from last year.

Shares of the online home goods retailer have rallied in the new year, with shares up 23% over the first two weeks of January.

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