Wall Street is priming for a positive start on Tuesday, as the market resiliently holds onto optimism regarding receiving benign inflation data, which will likely seal the fate of a rate cut. The producer price inflation data due ahead of the market opening is likely to show further easing in pricing pressure at the wholesale level, potentially serving as a harbinger of tame consumer price inflation data.

Home Depot, Inc.'s (NYSE:HD) weak guidance is likely to weigh down on the retail space as most of these companies are lined up to release their earnings over the next couple...