Gold Prices Slip From 10-Week High as Fed and Hormuz Risks Shape Outlook 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
Australia Sets New Minimum Pay, Insurance Rules for Gig Workers 
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
Iran War Escalates as US, Houthis Target Ships Near Key Oil Routes 
Add as a preferred source on Google
Shares of gun makers have been surging as Democratic candidate Joe Biden who vowed to increase gun regulation widened his lead in the polls against President Donald Trump since their debate.
Smith & Wesson’s stock is up 135 percent this year, while Sturm Ruger has gained 51 percent. Shares of both jumped around 8 percent since late September.
The policies of Biden and running mate Kamala Harris include prohibiting the sale of military-style rifles and high-capacity magazines and requiring owners of military-style weapons to either register or sell them to the government.
Such policies further stoked demand for firearms.
If the Democrats gain control of the Senate, giving them majorities in both houses, the demand is expected to peak up.
Trump’s victory drove the industry into a two-year slump, with customers no longer worried they would lose access to firearms.
According to Aegis Capital analyst Rommel Dionisio, he anticipates that a Biden-Harris victory triggers a surge in sales of modern sporting rifles, magazines, and ammunition.
But even before a chance of a Biden victory loomed, there already was a surge in gun demand this year due to fears about the pandemic and civil unrest.
Smith & Wesson CEO Mark Smith noted that the industry was unable to keep up with demand.
Dionisio noted that even if Trump wins, the potential for more protests across country could drive demand for handguns for self-defense,
