Arkansas Index slips 3.30, ends at 342.55
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 3.30 to 342.55 Wednesday.
“Technology shares outperformed as equities advanced despite concerns of a Federal Reserve debt holding drawdown as early as September as implied in the release of the June Federal Open Market Committee meeting minutes,” said Leon Lants, managing director at Stephens Inc. in Little Rock.
Total volume for the index was 20.2 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.