Tokyo stocks open slightly higher on Dow's 9th straight record close

Tokyo stocks open slightly higher on Dow's 9th straight record close

Tokyo stocks open slightly higher on Dow's 9th straight record close

Momentum is strong, investor confidence in Dow stocks is high and the average's ascent shows no real sign of trouble. The Dow also posted its ninth straight record close.

The Dow Jones Industrial Average added 26 points, or 0.12%, to close at 22,118. Click on ticker-symbol links in each slide for current prices and more. While the average one week return is below the average of all one week periods, over the following week, month, and three months, the DJIA not only saw better than average returns, but the consistency of positive returns was also greater than normal.

Also on investors' radar is the rush of retail earnings this week and next amid's rapid rise.

The S&P's consumer staples index, up 0.7%, and its technology index, up 0.6% were the benchmark's leading sectors on the day.

The Nasdaq Composite was up 25.69 points, or 0.4 percent, at 6,377.25.

Wal-Mart shares were up nearly 1 percent.

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Tyson Foods jumped 5.7 per cent after reporting that third-quarter sales rose 4.8 per cent amid strong meat demand.

Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from OPEC and the United States.

Tesla edged up 0.26 percent after the electric auto maker said it plans to raise about $1.5 billion in a bond offering.

Chinese exports rose 7.2 percent year-on-year in June, undershooting a Bloomberg News forecast of 11 percent, while imports climbed by 11 percent compared with an expected increase of 18 percent.

Declining issues outnumbered advancing ones on the NYSE by a 1.08-to-1 ratio; on Nasdaq, a 1.07-to-1 ratio favored advancers.

The euro had been buying $1.1810 before the jobs data were released, but quickly fell to $1.1733.

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