US STOCKS-Futures drop on fears of fresh virus wave

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* Futures down: Dow 1.77%, S&P 1.54%, Nasdaq 1.25%

By Devik Jain and Medha Singh
June 15 (Reuters) - U.S. stock index futures tumbled on
Monday as a recent jump in coronavirus cases in China and parts
of the United States doused investor hopes of a quick economic
rebound that had powered the Nasdaq to record levels last week.
Beijing re-imposed measures to curb the spread of the virus
after a wholesale food market saw an unexpected spike of cases.
A record number of new infections and hospitalizations were
reported in more U.S. states, including Florida and Texas over
the weekend. Travel stocks which were hit hard as passenger numbers
dwindled due to travel restrictions, slumped on Monday with
United Airlines Holdings Inc UAL.O , American Airlines Group
Inc AAL.O , Carnival Corp CCL.N , Norwegian Cruise Line
Holdings Ltd NCLH.N and Royal Caribbean Cruises Ltd RCL.N
down between 5.1% and 7.4% in premarket trading.
The CBOE volatility index .VIX , a gauge of investor
anxiety, jumped to its highest level since April 22 at 44.44
points.
Wall Street's main indexes finished higher on Friday but
marked their worst week since the March selloff, following the
U.S. Federal Reserve's sobering economic outlook and fears of a
second wave of infections.
Earlier last week, the tech-heavy Nasdaq confirmed it was in
bull market territory.
At 6:06 a.m. ET, Dow e-minis 1YMcv1 were down 452 points,
or 1.77%. S&P 500 e-minis EScv1 were down 46.75 points, or
1.54% and Nasdaq 100 e-minis NQcv1 were down 120.75 points, or
1.25%.
Stocks from economically-sensitive sectors including
financials and energy also lost ground. U.S. lenders Bank of
America Corp BAC.N , Citigroup Inc C.N and Morgan Stanley
MS.N dropped 3.1% to 4%. Oil majors Exxon Mobil Corp XOM.N
and Chevron Corp CVX.N shed 2.8% and 1.5% respectively.