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Gun maker stocks soar

Strong jobs data sent the markets soaring during the midday with the Dow leaping 193 points to 18,089. Nasdaq jumped 67 points to 4,944.


Gun stocks soared after five police officers were killed in Dallas last night during a protest march for peace. Protestors had gathered to speak against two officer-involved shootings that killed Alton Sterling and Philando Castile. About two hours into the protest, shots were fired.


Shares of wearable camera makers advanced as well. Digital Ally stock surged more than 50% in morning trading. Taser, which makes stun guns as well as body-worn cameras, also climbed as investors anticipate an increase in contracts with police departments nationwide.


In economic news, the nation's economy added 287,000 jobs last months, well above the 180,000 that was expected. Despite the sharp gain in jobs, the unemployment rate edged up to 4.9% from 4.7% in May as more people entered the workforce. Average hourly earnings rose 2.6% from year ago levels.


In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 soared 25 points to 2,123. Bitcoin leaped $24 to $645.

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