Two days after a Muslim terrorist murdered 50 people and injured at least 53 at a homosexual nightclub, shares in major gun manufactures rose. From Business Insider:
Smith & Wesson shares jumped by as much as 11%, while Sturm, Ruger & Company shares rallied 8%.
President Barack Obama and Hillary Clinton, the presumptive Democratic presidential nominee, both called for stricter gun-control measures in statements on Sunday.
And amid prior calls from the White House to toughen laws, gunmakers have reported increased demand for their products; the concern among consumers is that guns may be harder to buy in the future if stricter legislation is passed.
President Barack Obama said the Muslim terrorist attack was a “further reminder of how easy it is for someone to get their hands on a weapon that lets them shoot people in a school, or a house of worship, or a movie theater, or a nightclub” and once again called for gun control.
Will the president’s remarks drive gun sales (and shares) even higher?