The Trump administration is undertaking a 50-day investigation into the furniture market, with pending tariffs likely to revive the nation's furniture industry.

Stocks for some furniture and home goods companies, including Wayfair, RH and Williams-Sonoma, tumbled after the market close, following Trump's post.

President Donald Trump said on Friday his administration will conduct a "major" tariff investigation on furniture entering the United States, a step toward imposing higher duties on a sector already seeing tariff-fueled price increases.