The U.S. stock market saw a decline in the afternoon session, leading to a pullback in technology stocks as investors cashed in on gains and practiced caution. A market rotation is taking place, with money moving out of the tech sector into other areas deemed more stable. Additionally, the end of the government shutdown means delayed economic reports will flood in, potentially impacting future rate cuts by the Federal Reserve. Among the impacted stocks, 1-800-FLOWERS experienced a significant drop in revenue and widened loss per share, despite announcing a future cost-saving plan to encourage investors.

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