State index climbs to 750.82, up 12.27

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Monday at 750.82, up 12.27.

“New record highs for the Dow Jones … and S&P 500 on Monday, as investors prepare for this week’s heavy earnings season with bellwethers in multiple sectors poised to announce results,” said Chris Harkins, managing director at Raymond James & Associates.

Shares of P.A.M. Transportation Services rose 6.6%. Dillard’s shares rose 3.4%. Simmons First National Corp. shares rose o.35%. The bank holding company is set to release its quarterly earnings report this morning.

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