Washington helps S&P 500 hit record high | Taking Stock
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Last updated 2/22/2017 at Noon
On Monday, Feb. 13, for the first time ever, the value of the companies that make up the Standard & Poor 500 Index reached $20 trillion – a milestone and just plain a lot of money.
On that day, the 12 Washington companies in the S&P 500 had a combined market capitalization of $1.182 trillion. That’s just over 5.9 percent of the S&P’s total value.
Market capitalization is measured by multiplying the price of one share of stock by the total number of shares.
Washington – with just over 2 percent of the national population and 2.4 percent of S&P 500 companies – suppli...
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