Plenty of damage has already been done as the federal government shutdown enters its second week.
While the House passed a bill that approved pay for federal workers — in an attempt to erase at least a chunk of the estimated $300 million being lost per day — the Senate appears unwilling to do the same. Regardless, the effects spill far beyond the wages of government employees.
Countless contractors remain out of work, while important data for investors — like Friday’s job report — has been postponed. With no clear end to the budget battle in sight and the debt ceiling crisis looming, volatility is the order of the day.
Zooming in from the macro effects, several sectors and individual stocks have been especially hard-hit by Washington’s standstill, while the implementation of the Affordable Care Act (which caused the shutdown, but wasn’t stopped by it) has been a boon to others.
Let’s take a look at three winners and three losers since the shutdown began last Tuesday.