Stock futures were higher Tuesday morning after a choppy session a day earlier, as investors weighed a plethora of developments impacting the health, economic, corporate profitability and geopolitical implications of the coronavirus pandemic.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="June crude oil futures (CL=F) extended gains and jumped more than 9% to above $22 per barrel, pacing toward a fifth straight session of gains.” data-reactid=”17″>June crude oil futures (CL=F) extended gains and jumped more than 9% to above $22 per barrel, pacing toward a fifth straight session of gains.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Across the U.S., cases as a whole rose to more than 1.1 million, with deaths topping 67,000. States including New York and New Jersey, where stay-in-place orders are still in effect, cases fell on a day-over-day basis yet again. In California, the latest daily death toll was 39 on Monday, the lowest in three weeks. California Governor Gavin Newsom said the state’s lockdown restrictions will begin loosening on Friday. ” data-reactid=”18″>Across the U.S., cases as a whole rose to more than 1.1 million, with deaths topping 67,000. States including New York and New Jersey, where stay-in-place orders are still in effect, cases fell on a day-over-day basis yet again. In California, the latest daily death toll was 39 on Monday, the lowest in three weeks. California Governor Gavin Newsom said the state’s lockdown restrictions will begin loosening on Friday.

However, other states that have already begun to ease stay-in-place measures, including Georgia, recorded daily increases in new deaths, spooking investors over the viability of near-term opening plans and sending stocks lower during Monday’s session before recovering.

Monday also brought with it more signs of distress from some of the industries most exposed to the coronavirus pandemic and social distancing measures aimed at containing it.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="After market close, L Brands (LB) said it and private equity firm Sycamore Partners struck a deal to terminate a previously announced deal to have the latter take a majority state in Victoria’s Secret and take it private. And earlier, J.Crew’s parent company Chinos Holdings filed for Chapter 11 bankruptcy, converting nearly $2 billion in debt to equity and transferring ownership as the beleaguered retailer struggled to maintain sales as hundreds of physical locations shuttered during the outbreak.” data-reactid=”21″>After market close, L Brands (LB) said it and private equity firm Sycamore Partners struck a deal to terminate a previously announced deal to have the latter take a majority state in Victoria’s Secret and take it private. And earlier, J.Crew’s parent company Chinos Holdings filed for Chapter 11 bankruptcy, converting nearly $2 billion in debt to equity and transferring ownership as the beleaguered retailer struggled to maintain sales as hundreds of physical locations shuttered during the outbreak.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The bankruptcy – the first by a major retailer amid the pandemic – is almost certainly not the last, with Neiman Marcus and J.C. Penney reportedly also discussing the possibility of bankruptcy financing with lenders. Retail sales for the clothing and accessory stores category as a whole were down more than 50% in March, the Commerce Department previously reported.” data-reactid=”22″>The bankruptcy – the first by a major retailer amid the pandemic – is almost certainly not the last, with Neiman Marcus and J.C. Penney reportedly also discussing the possibility of bankruptcy financing with lenders. Retail sales for the clothing and accessory stores category as a whole were down more than 50% in March, the Commerce Department previously reported.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Meanwhile, shares of each of the four major U.S. airlines Delta (DAL), United Airlines (UAL), American Airlines (AAL) and Southwest (LUV) rose in early trading after ending the Monday’s session lower, after Warren Buffett announced Saturday that Berkshire Hathaway had sold its entire about 10% previous stake in each of these carriers.” data-reactid=”23″>Meanwhile, shares of each of the four major U.S. airlines Delta (DAL), United Airlines (UAL), American Airlines (AAL) and Southwest (LUV) rose in early trading after ending the Monday’s session lower, after Warren Buffett announced Saturday that Berkshire Hathaway had sold its entire about 10% previous stake in each of these carriers.

6:04 p.m. ET Tuesday: Stock futures extend gains

Here were the main moves in markets, as of 7:09 a.m. ET Tuesday:

  • S&P 500 futures (ES=F): up 25.75 points, or 0.91%, to 2,851.00

  • Dow futures (YM=F): up 229 points, or 0.97%, to 23,800.00

  • Nasdaq futures (NQ=F): up 87.25 points, or 0.99%, to 8,882.75

  • Crude (CL=F): +$1.99 (+9.76%) to $22.38 a barrel

  • Gold (GC=F): -$8.50 (-0.50%) to $1,704.80 per ounce

  • 10-year Treasury (^TNX): +2.5 bps to yield 0.662%

6:04 p.m. ET Monday: Stock futures open slightly higher

Here were the main moves at the start of the overnight session for U.S. equity futures, as of 6:04 p.m. ET:

  • S&P 500 futures (ES=F): up 5 points, or 0.18%, to 2,830.25

  • Dow futures (YM=F): up 55 points, or 0.23%, to 23,626.00

  • Nasdaq futures (NQ=F): up 18 points, or 0.2%, to 8,813.50

NEW YORK, NY - JANUARY 10: The empty trading floor is seen after the closing of the New York Stock Exchange (NYSE) on January 10, 2020 in New York City. Amid new sanctions on Iran and 145k more U.S. jobs added and wage growth in December, the Dow topped the 29,000 milestone before pulling back to 28,823.77. (Photo by Kena Betancur/Getty Images)NEW YORK, NY - JANUARY 10: The empty trading floor is seen after the closing of the New York Stock Exchange (NYSE) on January 10, 2020 in New York City. Amid new sanctions on Iran and 145k more U.S. jobs added and wage growth in December, the Dow topped the 29,000 milestone before pulling back to 28,823.77. (Photo by Kena Betancur/Getty Images)
NEW YORK, NY – JANUARY 10: The empty trading floor is seen after the closing of the New York Stock Exchange (NYSE) on January 10, 2020 in New York City. Amid new sanctions on Iran and 145k more U.S. jobs added and wage growth in December, the Dow topped the 29,000 milestone before pulling back to 28,823.77. (Photo by Kena Betancur/Getty Images)

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