DraftKings is trading 4.18% down now at $23.88 after the Federal Reserve raised its benchmark rate by 25 basis points to 3.75%-4.00% on September 16, 2026, while signaling another possible hike by December.
- Higher yields and fading rate-cut expectations pressured consumer-discretionary and growth stocks.
- DraftKings announced responsible-gaming initiatives on September 14; no company-specific negative catalyst was identified.