State index steady, finishes day up 0.53

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed up 0.53 to 327.25 Tuesday.

“The major averages advanced, extending gains for a fourth straight session after the White House released the 2018 proposed budget,” said Bob Williams, senior vice president and managing director of Simmons First Investment Group Inc. in Little Rock.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.