Nasdaq hits a high but state index slips

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dipped 0.83 to 349.34 Thursday.

“The Nasdaq exchange set a record high Wednesday as stocks advanced with technology issues outperforming the broad market as several large companies in the sector reported earnings,” said Leon Lants, managing director at Stephens Inc. in Little Rock.

Total volume for the index was 19 million shares.

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