The new date is Jun 23, 2022.
After the Supreme Court struck down a New York law that restricted concealed carry, the share prices of U.S. gun makers shot up.
In a 6-3 ruling on Thursday, the U.S. Supreme Court struck down a New York state law that made it difficult for people to get a concealed carry weapon permit.
The Supreme Court ruled that New York's concealed carry law was unconstitutional because it stopped law-abiding citizens with ordinary self-defense needs from practicing their Second amendment right to bear arms.
The stock price of the largest public U.S. gunmaker rose 3% after the Supreme Court decision.
Smith & Wesson Brands, the second-largest gunmaker with a market value of $600 million, saw its shares jump over six percent.
Big 5 Sporting Goods jumped over 5%, while American Outdoor Brands rose over 6 percent.
Americans tend to stock up ahead of tighter restrictions on guns as the stock of gun companies tends to rise after mass shootings. There has been renewed debate on gun control legislation after a high number of mass shootings in the last few years. The stock of Sturm, Ruger & Company is down 8% this year, but it is still better than the rest of the market. Smith and Wesson's shares have fallen by 20% or more.
The Second Amendment states that a person has the right to carry a handgun for self-defense. The justices said that other constitutional rights don't require people to have special needs.
The Supreme Court decision on New York's concealed carry law could have an effect on similar laws in other states. The District of Columbia and at least eight other states have the same regulations when it comes to issuing concealed carry permits.
The Supreme Court struck down New York's concealed carry law.