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Discounters
Winner: Discounters
Voters in six states passed measures to raise their states' minimum wage, and House Democratic leaders, including incoming Speaker Nancy Pelosi, have vowed that an increase in the national minimum wage will be one of the first pieces of legislation they plan to pass when they take control of the chamber in January.

Some people say a higher minimum wage could hurt big retailers by boosting their labor costs, but some analysts argue it could actually give a lift to discounters like Wal-Mart Stores (WMT), Target (TGT) and Costco (COST), as well as fast-food chains like McDonald's (MCD). Wal-Mart, the world's largest retailer, came out in favor of a higher minimum wage a year ago since it would put more money in the pockets of its core customers.

Still, Wal-Mart shares fell, with some analysts expressing concern that the election might make Congress more likely to approve trade sanctions on Chinese imports, a key source of goods for the retailer.
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.