Wall St. set to open higher after Wal-Mart results

Shares of Wal-Mart rose 1.8 percent to $58.90, while Home Depot was up 2.8 percent at $124.18 in premarket trading. The modest rise in inflation could bolster chances of the Federal Reserve raising interest rates next month. Retail stocks were hammered last week after weak economic data and earnings from retailers such as Macy's rekindled concerns about slowing retail spending ahead of the crucial holiday shopping season.