Arkansas Index falls 2.22; bank rebounds
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 2.22 to 353.89 Monday.
“The major market averages were mixed on Monday as investors continued to evaluate the latest corporate earnings releases,” said Bob Williams, senior vice president and managing director of Simmons First Investment Group Inc. in Little Rock.
Bank of the Ozarks rebounded 3.4 percent in active trading after Friday’s fall, Williams said.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.