State in­dex ekes out an in­crease of 0.14

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM -

The Arkansas In­dex, a price-weighted in­dex that tracks the largest pub­lic com­pa­nies based in the state, rose 0.14 to 354.42 Wed­nes­day.

“Equities closed mod­estly higher with the telecom­mu­ni­ca­tions sec­tor out­per­form­ing as Fed­eral Re­serve of­fi­cials left in­ter­est rates un­changed and sig­naled the pos­si­bil­ity of an up­com­ing bal­ance sheet re­duc­tion,” said Leon Lants, man­ag­ing di­rec­tor at Stephens Inc. in Lit­tle Rock.

To­tal vol­ume for the in­dex was 21.4 mil­lion shares.

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

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