Arhaus, Inc. Class A ARHS

A number of stocks jumped in the afternoon session after seasonal-shopping data pointed to continued consumer demand heading into the holiday period. The National Retail Federation’s annual survey, conducted by Prosper Insights & Analytics, projects U.S. Halloween spending of $13.5 billion this year, following last year’s record level. Circana’s retail tracking data also showed late-season back-to-school sales rose 4.2% year over year in the week ended September 5. Together, the data suggests th

Shares of luxury furniture retailer Arhaus (NASDAQ:ARHS) jumped 11.9% in the afternoon session after Jefferies upgraded the company to Buy from Hold and raised its price target to $10 from $9.50. Jefferies analyst Jonathan Matuszewski wrote in a note to clients that he has “newfound optimism on the retailer’s strategy to elevate brand awareness via broadened catalog circulation & digital marketing,” according to CNBC. The firm said Arhaus website traffic has more than doubled year over year over