Orlando shooting triggers spike in shares of US gunmakers - News Summed Up

Orlando shooting triggers spike in shares of US gunmakers


The surge of gun demand following mass shootings—fueled either by speculation about stricter gun control or by a heightened desire for self-defence—usually subsides. Photo: ReutersDallas: Gunmakers’ shares jumped following the massacre at an Orlando, Florida, nightclub that left at least 50 people dead. Shares of gun manufacturers typically increase after a mass shooting as investors speculate that tougher gun-control laws may be enacted, spurring sales before any new measures take effect. Shares of gun manufacturers typically increase after a mass shooting as investors speculate that tougher gun-control laws may be enactedPolice forensic investigators work at the crime scene of a mass shooting at the Pulse gay night club in Orlando, Florida on Tuesday. President Barack Obama said the Orlando spree on Sunday, the worst mass shooting in US history, is a reminder of how easy it is to obtain weapons under US law.


Source: Mint June 13, 2016 15:33 UTC



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