With 14.80 increase, index ends at 775.20

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Monday at 775.20, up 14.8.

“The S&P 500 jumped 2% and the Nasdaq 3% on Tuesday, as investors piled back into technology stocks with all 11 major S&P sectors advancing, fueled in-part by positive news on the omicron variant of covid-19,” said Chris Harkins, managing director at Raymond James & Associates.

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