Take-Two, software stocks in focus after Fed’s first rate hike since 2023

  • Take-Two Interactive will hold its virtual annual shareholder meeting Thursday.
  • 207,000 initial jobless claims are expected, according to the Dow Jones consensus.
  • Take-Two’s Grand Theft Auto VI remains scheduled for release on Nov. 19.

The Federal Reserve has raised interest rates for the first time since 2023, putting Thursday’s economic data and corporate events in focus. Initial jobless claims are due at 8:30 a.m., with the Dow Jones consensus at 207,000; Kalshi shows 72% of participants expect more than 200,000 and 22% expect more than 210,000. August housing starts are also due at 8:30 a.m., with experts forecasting 1.3 million, up 4.9% from July. Take-Two Interactive will hold a virtual annual shareholder meeting as its highly anticipated, long-delayed Grand Theft Auto VI remains scheduled for Nov. 19. Take-Two shares are down 17% in 2026 and 14.5% over the past 12 months, while trading 20% below their July 7 high of $265.94. HubSpot and Intuit are also holding investor days. The iShares Expanded Tech-Software Sector ETF (exchange-traded fund tracking software stocks) is down 0.69% this year despite a 12% gain over the past two months. CNBC said its producers will monitor the developments, with a disclosure that CNBC and Kalshi have a commercial relationship involving customer acquisition and a minority investment.

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