Gun stocks rise after mass shooting (ASL – 8.5.19)
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Transcript
Something interesting happened right after the shootings in El Paso and Dayton.
Stocks of publicly traded gun companies rose.
The jump happened as people started calling for stricter gun laws.
Shares of American Outdoor brands, formally known as Smith & Wesson, rose 3 percent.
Sturm, Ruger and Company rose 2 percent.
Gun stocks tend to rise after deadly massacres.
Investors think the prospect of stricter gun laws causes people to rush out and buy more weapons and ammunition before regulations kick in.
President Trump also seems to be supporting tougher laws.
He said in a tweet Monday that Republicans and Democrats must come together and get strong background checks.
The Closed Caption version of this video can be found here:
https://sign1news.com/2019/08/05/sign1news-8-5-19/
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