Molson Coors Jumps on Industry Deal Talks; Stocks Extend Gains

Molson Coors (TAP) jumped higher in midday trading Wednesday, caught up in a rally of shares of competitor Anheuser Busch (BUD). Anheuser was on the move after approaching fellow beer company SABMiller (SBMRY) about a potential takeover. That deal would be worth more than $200 billion. Stocks moved higher by the middle of the session as the Federal Reserve began its two-day meeting, leaving investors anxiously waiting for Thursday's decision. Fed members could decide to raise interest rates for the first time since 2006. FitBit (FIT) shares climbed after Target (TGT) revealed plans to encourage its customers and employees to embrace a healthier lifestyle. As part of the push, Target will hand out FitBut fitness activity trackers to more than 300,000 employees.