A man was arrested Friday morning after a shooting rampage over a loud stereo that resulted in the deaths of two women and critical injuries to another man, Indianapolis police said.The shooting happened about 1:30 a.m. in the 1700 block of South State Avenue, and officers who were patrolling the area at the time reported hearing shots fired.Edward Lay, 37, of Indianapolis, was arrested on two counts of murder, one count of attempted murder and being a serious violent felon in possession of a firearm.The victims were identified as Mary Swift, 37, of Indianapolis, and Kelly Jinks, 33. The man who was shot was identified as Ronald Kortz II, 40, of Indianapolis.Kortz underwent surgery Friday and was listed in critical but stable condition at Wishard Memorial Hospital.Witnesses told police that Swift and Lay argued over the volume of a stereo and that Lay pulled out a handgun and shot Swift multiple times. She was pronounced dead at the scene.Jinks and Kortz were shot as they tried to intervene in the argument, police said."Edward Lay attempted to flee but was apprehended a short distance from the scene," said Kendale Adams, Indianapolis police public information officer.Neighbors told 6News' Stacia Matthews that Swift has four children and had been dating Lay for a short time."Mary was an awesome woman. She didn't deserve this at all," said neighbor Edna Reeves. "She was such an awesome woman and her kids are going to suffer the most."Arguments were common, neighbors said."They was constantly arguing over there. It get pretty high pitched, but I didn't expect anything like this," said Richard Reeves.Lay has a criminal background, Indianapolis police said. Watch 6News and refresh this page for updates.