![]() ![]() stock market has surged to record heights. Hopes for such cuts, which can relax the pressure on the economy and goose investment prices, have been a major reason the U.S. That in turn would mean a longer wait for the Federal Reserve to begin cutting interest rates. While the strength is a boon for workers and keeps the risk of a recession at bay, the worry is that it could keep upward pressure on inflation. employers hired many more workers last month than economists expected. Stocks were feeling pressure from higher yields in the bond market after a report showed U.S. The Russell 2000 index of smaller stocks slumped 0.8%. Eastern time.īut the Dow Jones Industrial Average, which has less of an emphasis on tech, was up by just 14 points, or less than 0.1% And more stocks were falling overall on Wall Street than rising. They also pushed the Nasdaq composite up 1.4%, as of 11:30 a.m. The bill “dramatically improves current gun safety laws in Massachusetts by closing dangerous loopholes and by making it harder for legally prohibited gun buyers to access firearms without detection by law enforcement,” Stop Handgun Violence founder John Rosenthal said in a statement.NEW YORK (AP) - Big Tech stocks are once again carrying Wall Street toward record heights Friday, even as worries about the downside of a hot job market keep the overall market in check.īig gains for Meta Platforms and Amazon, which are two of the market’s most influential stocks, had the S&P 500 index 0.8% higher in midday trading and on track for another all-time high. ![]() The group Stop Handgun Violence praised the Senate. “The Senate’s moving theirs pretty darn fast and we keep asking what’s the rush?” “There’s a lot of new stuff, industry stuff, machine gun stuff, definitions that are weird so that’s why the (Senate) bill should have gone to a separate hearing,” he said. Jim Wallace, executive director of the Gun Owners’ Action League, said he’d hoped lawmakers would have held a separate public hearing on the Senate version of the bill because of significant differences with the House version. In October, the Massachusetts House approved its own gun bill aimed at tightening firearm laws, also cracking down on ghost guns. Other elements of the bill would ban carrying firearms in government administrative buildings require courts to compel the surrender of firearms by individuals subject to harassment protection orders who pose an immediate threat ban the marketing of unlawful firearm sales to minors and create a criminal charge for intentionally firing a gun at a dwelling. It would also ensure gun dealers are inspected annually and allow the Massachusetts State Police to conduct the inspections if a local licensing agency can't or won't. The Senate bill would make it illegal to possess devices that convert semiautomatic firearms into fully automatic machine guns, including Glock switches and trigger activators. Department of Justice reported recovering 25,785 ghost guns in domestic seizures. On ghost guns, the bill would toughen oversight for those who own privately made, unserialized firearms that are largely untraceable. “The Senate came together and acted on gun violence, rising above the divisiveness of this critical issue in the name of protecting our residents from gun crime, modernizing our laws, and supporting communities who have been torn apart by unnecessary violence,” Democratic Senate President Karen Spilka said in a statement. Supporters of the legislation say it would help make residents safer and ultimately save lives by reforming the state’s firearm regulations. Supreme Court ruling that citizens have a right to carry firearms in public for self-defense. The measure is part of an effort by the state to respond to a 2022 U.S. The Senate approved the bill on a 37-3 vote. BOSTON (AP) - The Massachusetts Senate approved a sweeping gun bill Thursday designed to crack down on “ghost guns,” toughen the state’s prohibition on assault weapons and outlaw devices that convert semiautomatic firearms into fully automatic machine guns. ![]()
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