Big guys drive state’s (modest) 2nd-quarter gains | Taking Stock
Last updated 7/5/2017 at Noon
The second quarter of 2017 was less eventful for Washington companies than the first. It looked like it might be a record-breaking quarter right up until the last week, when most stocks were sold off.
Our state’s combined market capitalization grew by $63 billion to $1.387 trillion, but for much of the last month it had hovered near $1.5 trillion. Market capitalization is the value of one share multiplied by the total number of shares.
Microsoft grew by $23 billion, from $509 billion to $532 billion. Amazon did even better. It grew by nearly $40 billion, from $423 billion to nearly $463...