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Several stocks, including Movado, AMC Networks, Topgolf Callaway, Mister Car Wash, and Sphere Entertainment, surged in the afternoon session as investors shifted to value-oriented names amid valuation concerns. The market remained hopeful that a prolonged government shutdown would end, with the U.S. Senate approving a funding package. The stock market overreacts to news, and big price drops can present buying opportunities for high-quality stocks.

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