Analysts will be looking for continued general resilience in U.S. stocks on Friday at the end of this shortened trading week.
"It's going to be a quiet day," said Art Hogan, chief market strategist at Wunderlich Securities. We'll "see if we can have a constructive market in the light of lower energy prices."
Crude oil initially fell 5 percent before recovering on U.S. Energy Information Administration data that showed inventories rose by 7.7 million barrels last week, half of what the American Petroleum Institute had originally indicated.
Read MoreAnother wild day for oil