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Gun stocks rally as continued surge in background checks, street violence stoke demand

June 3, 2020


Shares of gun and ammo makers surged again Tuesday, as data showing a continued surge in firearm background checks and reports of another night of street violence helped fuel investor demand.

The stocks’ rallies come after another night of protests following the police killing of George Floyd turned violent in some areas, with President Donald Trump threatening to mobilize the U.S. military to keep the peace.

Late Monday, federal police fired tear gas and rubber bullets to disperse a crowd before a 7 p.m. curfew went into effect, as Trump walked across the street to have a photo taken at the St. John’s Episcopal Church.

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