Financial firms lead Wall Street higher

NYSE traders Image copyright BRYAN R. SMITH/AFP/Getty

US stocks edged higher on Monday, with gains among consumer companies offsetting losses in the energy sector.

The Dow Jones rose 0.11% to 22,118.15, marking the index's ninth consecutive record high.

The wider S&P 500 index closed at 2,480.91, up 0.16%. The Nasdaq increased 0.51% at 6,383.77.

Walmart, Apple and meat processor Tyson Foods were among the winners on Wall Street, as confidence in US buyers increased after a strong jobs report.

The US economy added 209,000 jobs in July, beating analysts' expectations, while the unemployment rate fell to 4.3%, the Bureau of Labor Statistics said on Friday.

Shares of Tyson Foods jumped more than 5%, after the Arkansas firm reported nearly $10bn in quarterly sales, ahead of analyst expectations.

Technology giant Apple gained 1.4%, while retailer Walmart increased 1%.

Shares of energy companies were lower as oil prices retreated and Opec officials met in Abu Dhabi this week to discuss production.

Hess and natural gas company Devon Energy each fell by more than 3%.

Walt Disney shares fell 0.2% ahead of the media company's earnings report on Tuesday.