The Federal Reserve raised interest rates for the first time since 2023, which is a significant event for the market. Investors are closely watching jobless claims, with the Dow Jones consensus estimating 207,000 initial claims, and a majority of participants on the prediction market Kalshi expecting numbers above this estimate.
Additionally, housing starts for August are anticipated to show a 4.9% increase from the previous month, with experts predicting 1.3 million starts. Take-Two Interactive is holding its annual shareholder meeting, where the release of the highly anticipated 'Grand Theft Auto VI' on November 19 is expected to be a focal point.
The company’s stock has seen a decline of 14.5% over the past year and is currently 20% off its July high. Other companies like HubSpot and Intuit are also in the spotlight as they hold investor days, with both experiencing significant declines in 2026 but some recovery in recent months.
The iShares Expanded Tech-Software Sector ETF has had a volatile year, reflecting mixed performance among its constituents, with notable gains from companies like Atlassian and Salesforce, while others like TeraWulf and Core Scientific have struggled. Overall, these developments could lead to notable market movements in the upcoming trading session