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Gun stocks have risen sharply on Monday, a market trend sparked by the deadly mass shooting that rocked Las Vegas and the United States late Saturday night. The shooting took place during an outdoor concert featuring country music superstar Jason Aldean, and as CNN reports, and has left at least 58 people dead and more than 500 more wounded. It is now being called the deadliest mass shooting American history.
The stock market responded to the shooting on Monday morning with positive gains for gun stocks, including Sturm Ruger (RGR), whose share prices rose 6 percent. American Outdoor Brands (AOBC) (formerly known as Smith & Wesson) Smith & Wesson rose almost 7 percent. The increase in value is not a shock to money experts, as both companies have seen their stock values soar in the aftermath of previous mass shootings in the United States, reports CNN Money.