Arkansas In­dex sees 2.17 drop for the day

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM -

The Arkansas In­dex, a price-weighted in­dex that tracks the largest pub­lic com­pa­nies based in the state, dropped 2.17 to 344.17 Wed­nes­day.

“Equities ral­lied through­out the day to close rel­a­tively un­changed fol­low­ing a drop overnight due to ris­ing geopo­lit­i­cal ten­sions with North Korea as con­sumer dis­cre­tionary stocks and util­i­ties un­der­per­formed the broad mar­ket,” said Leon Lants, man­ag­ing di­rec­tor at Stephens Inc. in Lit­tle Rock.

To­tal vol­ume for the in­dex was 28 mil­lion shares.

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

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