Stocks fell in the afternoon session due to uncertainty from the ongoing U.S. government shutdown, causing the S&P 500 and Nasdaq to pull back from all-time highs. Jamie Dimon raised concerns about a potential market correction. Among the impacted stocks, Columbia Sportswear projected lower-than-expected third-quarter earnings and revenue, citing soft business trends in the U.S. and expected tariff impacts. Analysts at Citi and UBS lowered their price targets on the stock in response to the weak outlook. Columbia Sportswear is down 36.6% since the beginning of the year and trading 43.1% below its 52-week high.

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