US STOCKS-Futures lower on fears of another wave of virus infections

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* Coty jumps after selling majority stake in unit
* Marriott drops as profit misses lowered estimates
* Energy stocks slide as oil prices weaken
* Futures off: Dow 0.92%, S&P 0.95%, Nasdaq 0.67%

(Adds details, comment; Updates prices)
By Medha Singh
May 11 (Reuters) - U.S. stock index futures fell on Monday
following a strong week of gains for Wall Street, as investors
turned cautious about a second wave of coronavirus infections
with several countries reopening economies.
Exxon Mobil Corp XOM.N and Chevron Corp CVX.N fell more
than 1% in premarket trading, as oil prices tumbled after
Germany and South Korea reported a surge in COVID-19 cases after
easing lockdowns. O/R
Battered travel-related stocks, including Carnival Corp
CCL.N , Norwegian Cruise Line Holdings Ltd NCLH.N , American
Airlines Group Inc AAL.O and United Airlines Holdings Inc
UAL.O dropped more than 2% each.
Marriott International Inc MAR.O shed 1.8% as its
quarterly profit fell short of already drastically lowered
expectations, as bookings plunged. Hopes of a pickup in business activity powered a Wall Street
rally last week, with the Nasdaq .IXIC recouping all its
losses for 2020 as investors looked past dire economic data,
including a historic 20.5 million jobs wiped out in April.
"The market's confidence in positive news on coronavirus is
looking overly optimistic, and there is a sizeable risk the
opening up of the economy will be much slower than many think,"
said Ewout van Schaick, head of multi asset at NN Investment
Partners in Netherlands.
However, the benchmark S&P 500 .SPX is still more than 13%
below its February record high and analysts have warned of
another selloff as macroeconomic data gets worse, foreshadowing
a deep and lasting global recession.
"We think it's likely a stretch for investors to chase the
move much higher from here," said Eoin Murray, head of
investment at Federated Hermes.
After financial markets began pricing in negative U.S.
interest rates for the first time ever last week, all eyes will
be on Federal Reserve Chair Jerome Powell's outlook on the
economy at a webcast event on Wednesday.
At 7:50 a.m. ET, Dow e-minis 1YMcv1 were down 223 points,
or 0.92%. S&P 500 e-minis EScv1 were down 27.75 points, or
0.95% and Nasdaq 100 e-minis NQcv1 were down 61.75 points, or
0.67%.
In a bright spot, cosmetics maker Coty Inc COTY.N jumped
13.3% after agreeing to sell a majority stake in its
professional beauty and retail hair businesses to investment
firm KKR KKR.N in a deal valued at $4.3 billion.