State index follows broad market lower

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 4.70 to 442.93 Wednesday.

All of the major indexes retreated.

“Equities reacted poorly to the announcement of additional Chinese tariffs and sold off through the day as the energy and materials sectors were the worst performers,” said Leon Lants, managing director at Stephens Inc. in Little Rock.

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