Index climbs 7.92, ends day at 627.34

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Thursday at 627.34, up 7.92.

“The S&P 500 Index posted a record closing high following the announcement by President Biden of a bipartisan agreement on infrastructure spending which boosted sentiment ahead of the annual Russell Index reconstitution [today] which is historically one of the heaviest volume days of the year,” said Leon Lants, managing director at Stephens Inc.

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