US STOCKS-Futures slide as sub-zero U.S. crude adds to pandemic jitters

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* Energy companies track slump in oil prices
* Coca-Cola sees severe hit from low demand for sodas
* Travelers posts lower profit as catastrophe claims jump
* Futures off: Dow 1.83%, S&P 500 1.41%, Nasdaq 0.86%

(Adds comments, updates price action)
By C Nivedita
April 21 (Reuters) - U.S. stock index futures resumed their
slide on Tuesday as gloomy quarterly earnings reports and a
historic collapse in U.S. crude prices to below zero raised the
spectre of a deep global recession in the coming months.
Wall Street fell on Monday as plunging oil demand pushed WTI
crude CLc1 to minus $40 for the first time. With nowhere to
store the excess capacity, traders fled from contracts that
would deliver barrels of oil to them in May.
Exxon Mobil Corp XOM.N shed 3.9% in premarket trading and
Chevron Corp CVX.N slipped 3.6% as the front month May WTI
CLc1 contracts continued to trade below $0 on Tuesday. June
contracts also fell by $4, signalling more weakness in demand in
the face of a near halt in global activity. O/R
"Yesterday, the historic oil crash had a limited impact on
U.S. stocks, but that won't be the case going forward as the
rolling of contracts won't wait so close to expiry," said Edward
Moya, market analyst at OANDA.
"Oil prices will remain heavy in the short-term and since
many energy stocks have recently rebounded, they are ripe to see
a lot of pain this week."
Other oil-related companies including Apache Corp APA.N ,
Halliburton Co HAL.N , ConocoPhillips COP.N , Schlumberger
SLB.N and Occidental Petroleum Corp OXY.N tumbled between
4.5% and 6%.
The benchmark S&P 500 index .SPX has climbed over 25% from
a March low, powered by trillions of dollars in stimulus, but
still remains nearly 17% below its record high amid fears of the
biggest economic slump since the Great Depression.
At 7:33 a.m. ET, Dow e-minis 1YMcv1 were down 430 points,
or 1.83%, S&P 500 e-minis EScv1 were down 39.5 points, or
1.41% and Nasdaq 100 e-minis NQcv1 were down 74.75 points, or
0.86%.
Dismal 2020 forecasts from big U.S. banks kicked off the
first-quarter U.S. corporate earnings season and major companies
have since announced dividend cuts and withdrawn financial
outlooks.
Analysts expect a corporate recession this year with
earnings for S&P 500 firms falling 13.5% in the first quarter
and 29.1% in the second, according to IBES data from Refinitiv.
Coca-Cola Co KO.N provided the latest evidence of the
damage wrought by the pandemic, saying its current-quarter
results would take a severe hit from low demand for sodas.
Travelers Companies TRV.N fell 1.7%, after the insurer
reported a 25% fall in quarterly profit, hurt by higher
catastrophe losses. Among other Dow components, International Business Machines
Corp IBM.N slid 4.9% after the company withdrew its 2020
annual forecast late on Monday. Lockheed Martin Corp LMT.N , the Pentagon's No.1 weapons
supplier, rose 1.4% after reporting a 9.2% rise in quarterly
revenue, helped by higher sales in its aeronautics unit that
makes the F-35 fighter jets. Chip industry bellwether Texas Instruments TXN.O is set to
report its first-quarter earnings later in the day.