U.S. crude and benchmark Brent prices climbed after a collapse in the past two days, sending the S&P 500 energy index .SPNY up 3.6%.
Estimates for U.S. jobless claims for the latest week ranged as high as 5.5 million, while a reading on April U.S. factory activity was likely to fall to levels last seen during the 2008 financial crisis. Both reports are due Thursday. Investors will also be paying close attention to capital allocation from companies, Perez added, “You have to have the cash to sustain and ride out to the other side.”
Burrito chain Mexican Grill Inc jumped about 14% after it reported soaring digital and home delivery sales and said it had enough cash and liquidity to get through the next year.
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