Index climbs 2.57, finishes at 344.30
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 2.57 to 344.30 Wednesday.
“Equities rallied as companies continue to report earnings for the second quarter with the Nasdaq composite index closing higher for the ninth straight day accompanied by closing highs for the Nasdaq, S&P 500 Index and the Dow Jones industrial average,” said Leon Lants, managing director at Stephens Inc. in Little Rock.
Total volume for the index was 17.8 million shares.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.