Stock futures rose Wednesday morning, reversing some Tuesday losses that sent each of the Dow and S&P 500 off more than 1% by the closing bell.

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Oil prices firmed on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but worries over the economic fallout from the coronavirus pandemic and weak refining margins capped gains. Brent crude futures were up 51 cents, or 1.47%, at $35.16 per barrel at 0928 GMT. U.S. West Texas Intermediate (WTI) July crude futures were up 22 cents, or 0.69%, at $32.18 a barrel.

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Target's first quarter 2020 earnings are out. Here's what you need to know.

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