The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 0.35 to 400.74 Wednesday.
“Equities were pressured by rising geopolitical tensions between the U.S. and Russia as the energy sector outperformed the broader market due to the potential impact on oil supplies in the event of an escalation in the Syrian conflict,” said Leon Lants, managing director at Stephens Inc. in Little Rock.
Total volume for the index was 18.3 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.