Stocks fell in the afternoon session as investors paused a record-setting rally due to uncertainty from the ongoing U.S. government shutdown. The S&P 500 and Nasdaq pulled back from all-time highs, creating a data vacuum for investors with vital economic indicators on hold. Jamie Dimon raised concerns about a market correction, stating a higher probability than what is priced in the market. Among impacted stocks, Movado (MOV) saw a significant drop, down 6.6% since the beginning of the year. The company reported weak first quarter 2025 results, prompting a softer quarter and uncertainty from tariffs and a shaky economy.

Read more at Stockstory.org – CNBC: Under Armour, Kontoor Brands, Movado, E.W. Scripps, and Cable One Stocks Trade Down, What You Need To Know