The Dow was set to rise, supported by gains in Walmart and Home Depot shares after the retailers reported strong earnings.
. Tech stocks recovered in the premarket a day after they led Wall Street lower amid worries about last week's inflation report. on strong grocery sales and e-commerce growth. The retailer said more shoppers headed to its stores and website to spend stimulus checks. Per-share profit was $1.69.
Revenue grew by nearly 3% to $138.31 billion. Walmart raised its outlook for the year. as consumers' splurging on their homes lingered more than a year into the pandemic. Net sales rose nearly 33% to $37.5 billion. Per-share profit was $3.86. Home Depot has not released an outlook for fiscal 2021.
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