Wall Street set to open higher on strong data, earnings

Macy's shares soared 11 percent after the department store operator reported a smaller-than-expected drop in quarterly comparable store sales and said it would close 100 stores. "It's certainly hard to fight the recent trend, which has been a better appetite for risk and I don't see anything to upset things," said Mark Heppenstall, CIO of Penn Mutual Asset Management. Better-than-expected second-quarter earnings and a set of strong economic data have pushed the S&P 500 to a series of record