US STOCKS-Wall Street set to rise on swift economic rebound hopes

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* Gilead rises on report of possible merger with AstraZeneca
* Energy stocks soar as OPEC+ extends oil output cut
* Airlines, cruise operators, hotels stocks jump
* Futures up: Dow 0.82%, S&P 0.49%, Nasdaq 0.21%

(Adds quote, details; updates prices)
By Devik Jain and Medha Singh
June 8 (Reuters) - The S&P 500 and the Dow Jones indexes
were set to rise on Monday, building on last week's sharp gains
after a surprise rebound in jobs strengthened views that the
U.S. economy has weathered the worst of the economic fallout
from the COVID-19 pandemic.
Hammered shares of cruise line operators and airlines,
including Carnival Corp CCL.N , Royal Caribbean Cruises Ltd
RCL.N , American Airlines AAL.O and United Airlines Holdings
UAL.O , climbed between 7% and 16.5% in premarket trading.
Planemaker Boeing Co BA.N gained 8.2%, set to add to its
40% surge last week.
Aiding sentiment, major oil producers agreed to extend a
deal on record output cuts over the weekend. Shares of energy
companies Occidental Petroleum Corp OXY.N , Devon Energy Corp
DVN.N and Marathon Oil Corp MRO.O jumped between 9% and
17.5%. O/R
U.S. stocks surged on Friday, with the tech-heavy Nasdaq
.IXIC closing within a striking distance of its Feb. 19
all-time peak, after the unemployment rate in May unexpectedly
fell. The S&P 500 had closed the week with a near 5% jump.
"The blowout jobs report has got economists talking about
V-shaped recoveries," Jasper Lawler, head of research at London
Capital Group said.
The benchmark S&P 500 .SPX and the Dow .DJI are now 5.7%
and 8.3% away from their respective closing highs, after surging
more than 45% from their pandemic lows hit on March 23, as most
businesses reopened following weeks of virus-led shutdowns.
The S&P 500 is now about 1% away from recouping all of its
losses in 2020.
The focus this week will be the Federal Reserve's two-day
policy meeting, ending on Wednesday, where the jobs report is
expected to be discussed.
It would be the first meeting since April when Fed Chair
Jerome Powell said the U.S. economy could feel the weight of the
economic shutdown for more than a year. At 8:15 a.m. ET, Dow e-minis 1YMcv1 were up 223 points, or
0.82% and S&P 500 e-minis EScv1 were up 15.5 points, or 0.49%.
Nasdaq 100 e-minis NQcv1 were down 20.25 points, or 0.21%,
a day after it closed at record levels for the first time since
Feb. 19.
Gilead Sciences GILD.O gained 4.2% after a report said
Britain's AstraZeneca AZN.L had approached the U.S. rival
about a possible merger to form one of the world's largest drug
companies. Electric carmaker Tesla TSLA.O rose 1.4% after China sales
of Shanghai-made Model 3 vehicles more than tripled in May,
compared with the previous month.