Arkansas Index sees 2.17 drop for the day
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.