Arkansas Index up 6.38 pts. from deals

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state closed Monday at 718.59, up 6.38.

“Stocks rallied on Monday as investors snapped up beaten-down shares such as banks after the Dow Jones Industrial Average notched eight straight losing weeks,” 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.