Peter Smith
The shares not only of Google (GOOGL) and Amazon (AMZN) are going up while the US is facing the ongoing clashes between police and protesters. The stocks of arms sellers have blasted due to the increased demand on the weapon. Mainly, the price of Smith & Wesson SWBI has rocketed by more than 50%.
Sales of the weapon have increased by more than 80% since the start of May. Mainly, it is connected with the death of George Floyd who was killed by a policeman. Surprisingly, but the stock market keeps rising since March neglecting the negative influence of the ongoing virus and recently started local fights between protestors and the police. The growth is outlined in the S&P500 index.
The S&P 500 index has come back to the value of March 2020 where the dump has started from.
Peter Smith
