There are already some nascent signs of market impact from the shutdown, with an index of airline shares underperforming broader gauges. (Photo: Shutterstock)

(Bloomberg) –A growing group of analysts and investors is warning that the U.S. government shutdown could soon hurt stocks.

Already confronting an increase in volatility, an uncertain outlook for interest rates and a trade war that threatens to damp global growth, traders now have to factor in the economic effects of the partial closure, in its record 27th day.

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