Shares of both gun makers and casino stocks continued to react to the deadliest shooting in U.S. history on Sunday evening in Las Vegas, that resulted in the death of 59 concert goers and over 500 injured.

Gun stocks were moving higher during Tuesday morning trading as investors bank on a sales boosts provided by those fearing harsher regulations governing firearms could be handed down, and those wishing to purchase guns as a means of self-defense.

Shares of two largest American gun makers, American Outdoor Brands (AOBC) - Get Report , the parent of Smith & Wesson, along with Sturm Ruger (RGR) - Get Report , were climbing nearly 2.5% and about 2%, respectively, in Tuesday morning trading.

Casinso stocks, however, were largely in the red as the shooting took place in the heart of the Las Vegas casino market, potentially intimidating visitors to the city.  

MGM Resorts International (MGM) - Get Report , Las Vegas Sands (LVS) - Get Report , and Caesars Entertainment (CZR) - Get Report were all falling in Tuesday morning trading.

More of What's Trending on TheStreet: