The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 1.49 to 458.54 Monday.
“A new quarter begins with news that the United States and Canada agreed to a trade deal joining Mexico that helped push the Dow Jones industrial average and S&P 500 higher,” said Chris Harkins, managing director with Raymond James & Associates in Little Rock.
The $2.3 billion sale of Acxiom Marketing Solutions to The Interpublic Group of Companies Inc. closed on Monday, the final day of trading of Acxiom Holdings Inc. shares. The company will drop off the Arkansas Index.
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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