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Gun maker stocks jump after Supreme Court strikes down New York gun-control law

·1 min read
Gun maker stocks jump after Supreme Court strikes down New York gun-control law
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Shares of gun makers got a boost in morning trading Thursday, after the Supreme Court of the United States (SCOTUS) struck down a New York State gun-control provision. Sturm Ruger & Co.'s stock jumped 1.9%, after being up about 1.4% just prior to the SCOTUS ruling, while Smith & Wesson Brands Inc. shares climbed 5.2%, after being up 3.2% just before the ruling. SCOTUS said the New York law that forbids people from obtaining a permit to carry a handgun publicly unless they can demonstrate a speci