Day’s 3.36 loss puts state index at 764.19

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Wednesday at 764.19, down 3.36.

“Investors continue to shed risk as stocks trended lower with the consumer discretionary and financials sectors underperforming while gold and crude oil prices rose with corporate earnings season coming into focus,” said Leon Lants, managing director at Stephens Inc.

Shares of P.A.M. Transportation Inc. fell 5.4% and shares of Home BancShares fell 3.2%. Shares of Dillard’s Inc. and Murphy USA rose 1.3% to lead the index Wednesday.

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