The U.S. Supreme Court on Monday refused to take a case which argued that the Second Amendment entitles ordinary, law-abiding citizens to carry handguns outside the home for self-defense in some manner, including concealed carry when open carry is forbidden by state law. <\/p>\n
The justices turned away an appeal from gun rights advocates who argued that most law-abiding gun owners in San Diego, Los Angeles, and the San Francisco Bay area are wrongly denied permits to carry a weapon when they leave home. <\/p>\n
The refusal to hear the case upholds a ruling from the 9th Circuit Court of Appeals which held last year that the \"Second Amendment does not preserve or protect a right of a member of the general public to carry concealed firearms in public.\" <\/p>\n
In dissent, Justice Clarence Thomas said the court's action \"reflects a distressing trend\" in the treatment of the Second Amendment as a disfavored right. Justice Neil M. Gorsuch also dissented. <\/p>\n
Shares of major gun firms including American Outdoor Brands ( AOBC) andSturm Ruger & Company ( RGR) were falling over 1% during mid-morning trading on Monday. <\/p>\n
What's Hot On TheStreet <\/p>\n
Unusual to hear these words: Under Armour's (UAA) founder Kevin Plank has never been one to sound weak in a public setting. Plank is known for his motivational speeches to employees and desire to crush all competition. So, it was odd to hear Plank say rival Nike (NKE) \"isn't playing fair\" on the Today Show on Sunday -- it sounded like a CEO who after several below plan quarters is finally realizing how challenging it will be to dethrone Nike. <\/p>\n
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