Wall Street set to open flat after hitting record highs

Strong department store earnings, coupled with a sharp rise in oil prices and robust labor market data, were major catalysts for Thursday's rally. People are realizing that inflation is low, interest rates are low and central banks are propping the markets and that's what is pushing stocks higher," said John Canally, chief economic strategist at LPL Financial. J.C. Penney shares rose 1.7 percent premarket after the department store reported a smaller-than-expected loss, continuing the trend of e