CORRECTED-US STOCKS-Futures bounce after worst session for S&P 500, Dow in two weeks

(Corrects paragraph 10 to say Levi Strauss reported a profit
for the third quarter, not second quarter)
* Futures up: Dow 0.54%, S&P 0.45%, Nasdaq 0.37%

By Devik Jain and Sagarika Jaisinghani
Oct 7 (Reuters) - U.S. stock index futures recovered on
Wednesday after President Donald Trump's abrupt call to end
stimulus talks sent Wall Street tumbling in the previous
session, while shares of Levis Strauss surged following a
surprise quarterly profit.
Trump broke off negotiations with Democrats on more economic
aid in a tweet on Tuesday, and promised a major stimulus bill
after he wins the Nov. 3 election. The announcement sparked the worst session for the S&P 500
and the Dow in two weeks, while airlines .DJUSAR sank 3% as
the move appeared to scuttle $25 billion in new bailout for the
industry. Trump later urged Congress to immediately approve the
package. Shares of Delta Air Lines Inc DAL.N , American
Airlines Group Inc AAL.O , United Airlines Holdings Inc UAL.O
and JetBlue Airways Corp JBLU.O jumped between 2.4% and 6.9%
in premarket trading. "(The halt in stimulus talks) is unlikely to be the catalyst
for a significant sell-off as most market participants were not
anticipating that a deal will be reached ahead of the election
anyway," said Milan Cutkovic, market analyst at Axi Corp.
"Should there be no stimulus package announced shortly after
the election, investors could get increasingly nervous about the
economic recovery losing momentum."
Signs that lawmakers were negotiating a new round of fiscal
aid had fueled a broad rally in U.S. stocks on Monday. Federal
Reserve Chair Jerome Powell on Tuesday also called for more help
for businesses and households to keep a nascent economic
recovery from faltering. All eyes later in the day will be on the only debate between
Vice President Mike Pence and Democratic challenger Kamala
Harris, which comes less than a week after Trump said he had
contracted COVID-19 amid a White House outbreak that has
infected numerous high-profile Republicans. At 6:48 a.m. ET, Dow e-minis 1YMcv1 were up 150 points, or
0.54%, S&P 500 e-minis EScv1 were up 15.25 points, or 0.45%,
and Nasdaq 100 e-minis NQcv1 were up 42 points, or 0.37%.
Levi Strauss & Co LEVI.N jumped 10.7% and was on course to
open at a four-month high as it said it planned to open new
stores, in contrast to analysts' projections for it take a hit
from coronavirus-driven store closures. The company also
reported a profit for the third quarter, defying expectations of
a quarterly loss. Shares of apparel retailer Gap Inc GPS.N rose 3.3%.
Boeing Co BA.N gained 1.8% after the Federal Aviation
Administration issued a draft report on revised training
procedures for the planemaker's 737 MAX, a key milestone to the
plane's eventual ungrounding.