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Dec 31
1st Security Bank

Big Seattle companies buck stock market's tread-water year

By 1st Security Bank
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The U.S. stock market ended the year with its most inglorious performance since 2008. But most of the Seattle area’s biggest companies were on a tear, underscoring the strength of Pacific Northwest capitalism in a tread-water year for the wider stock market.

The gains show how the area’s mix of tech, retail and telecommunications bucked volatility in more traditional sectors of the economy, including energy, which until recently helped drive the recovery but this year was hit by falling oil prices.

These companies’ roaring good fortunes also likely help explain the area’s growing traffic woes and soaring housing prices.

FS Bancorp is the holding company for 1st Security Bank of Washington:

FS Bancorp is the holding company for 1st Security Bank

Read more: http://www.seattletimes.com/business/markets/big-seattle-companies-buck-markets-tread-water-year/