Arkansas Index loses 2.89 on a down day

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Thursday at 634.30, down 2.89.

“Equities rose modestly as concerns of a slowing economy spurred rotation by investors from cyclical stocks into growth sectors including information technology and health care,” 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.