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Market News: Fitbit, Hewlett-Packard, Molson Coors Brewing Company

The stock markets in the United States gained today driven by reports regarding transactions in the beer industry and the increase of equity prices in the energy sector.

In an interview with Bloomberg, George Schultze commented about the market trends and described that the selloff during the last few weeks in August as “draconian.” He added that the market was currently experiencing a “relief rally.”

When it comes to the issue whether the Federal Reserve would raise interest rates, Schultze commented, “If you asked most people in early August, they’d say it’s very likely the Fed would raise rates in mid-September, and I don’t think people will be surprised if they do.”

Today, the Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1% in August. According to the agency the gasoline index dropped while the other energy indexes have mixed results. The food index...


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