State index off 0.48 as U.S. equities slip

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 0.48 to 381.25 Tuesday.

“U.S equities declined amid continued concerns on delays in tax reform legislation and a mixed bag of global economic updates,” said Bob Williams, senior vice president and managing director of Simmons First Investment Group Inc. in Little Rock.

Total volume for the index was 31 million shares.

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