US STOCKS-Coronavirus slowdown hopes set to boost Wall Street

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* New York reports decline in daily coronavirus deaths
* Delta falls after Berkshire cuts stake, PT cuts
* Big U.S. banks track Treasury yields higher
* Futures surge: Dow 3.43%, S&P 3.46%, Nasdaq 3.64%

(Adds details, comment; Updates prices)
By Uday Sampath Kumar and Shreyashi Sanyal
April 6 (Reuters) - The Dow Jones was set to jump 700 points
at the open on Monday after President Donald Trump expressed
hope that the coronavirus health crisis was "leveling-off" in
some of the hardest-hit U.S. states.
Wall Street's main indexes fell more than 1.5% on Friday as
the pandemic brought a 113-month expansion in U.S. employment to
an end, a day after data showed weekly jobless claims surged to
a record 6.65 million as drastic steps to save cash sparked mass
staff furloughs.
Boeing Co BA.N said it was extending the suspension of
production operations at its Washington state facilities and it
would stop paying about 30,000 workers this week. The planemaker's shares were up 5.6% in premarket trading
after falling more than 60% this year.
New York, the country's biggest hot spot, reported on Sunday
that for the first time in a week virus-related deaths in the
state had fallen slightly from the day before. Wall Street's fear gauge .VIX fell to its lowest in two
weeks.
"Seeing signs of stabilization in New York City is probably
the most important thing given the amount of capital that's
controlled through managers that live in the area," said Thomas
Hayes, managing member at Great Hill Capital LLC in New York.
"It's a tremendous relief for the market (but it's) not to
say that we're through the woods yet, because we're going to
have a tough week or two ahead."
The S&P 500 .SPX has lost more than $7 trillion since its
mid February record high in a 27% plunge marked by wild
day-to-day price swings, as the novel coronavirus spread deeper
in the United States and wreaked economic havoc.
Profits for S&P 500 firms are expected to drop in the second
quarter and investors fear more dire forecasts as demand across
sectors including airlines, luxury goods and industrials
evaporates.
At 08:27 a.m. ET, Dow e-minis 1YMcv1 were up 719 points, or
3.43%, S&P 500 e-minis EScv1 were up 86 points, or 3.46% and
Nasdaq 100 e-minis NQcv1 were up 273.5 points, or 3.64%.
Goldman Sachs GS.N was one of the top gainers among Dow
.DJI components, rising nearly 4%, as Wall Street's big banks
tracked U.S. Treasury yields higher. US/
Delta Airlines DAL.O fell more than 6% as Warren Buffett's
Berkshire Hathaway Inc BRKa.N cut its stake in the company,
while Citigroup and JPMorgan cut their price targets on the
stock. Shares of American Airlines AAL.O and United Airlines
UAL.O also fell more than 2%.