Index falls to 769.70 after loss of 13.88

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Monday at 769.70, down 13.88.

“Stocks sold-off on Monday, after hitting record highs last week as investors continue to weigh the severity of the Omicron coronavirus variant and are anxious to hear what comes out of the Federal Reserve two-day meeting that ends on Wednesday,” said Chris Harkins, managing director at Raymond James & Associates.

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