US STOCKS-Wall Street set for subdued open as virus cases rise

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* U.S. carriers fall amid fears of a virus resurgence
* American Airlines to raise $3.5 bln in new financing
* Virgin Galactic rises on tie up with NASA for space
program
* Futures up: Dow 0.79%, S&P 0.83%, Nasdaq 0.90%

(Adds comment, details; updates prices)
By Medha Singh
June 22 (Reuters) - U.S. stock index futures pointed to a
muted open for the S&P 500 and Dow on Monday as fears of a
resurgence in coronavirus infections fueled worries of another
setback to business activity.
Demand for perceived safe-havens including gold and U.S.
Treasuries rose as the World Health Organization reported a
record rise in global coronavirus cases on Sunday.
Shares of airlines, one of the worst-hit sectors by the
lockdowns, tumbled with United Airlines UAL.O , JetBlue Airways
JBLU.O and Alaska Air Group ALK.N down between 2.1% and 4%
in premarket trading.
American Airlines Group Inc AAL.O tumbled 9% as it planned
to secure $3.5 billion in new financing by selling shares and
convertible senior notes to boost liquidity. "Investors are trying to calibrate the difference between an
increase in new coronavirus cases against sequentially improving
economic data…," said Art Hogan, strategist at National
Securities.
"The concern right now is the possibility of partial
reclosing of the economy as and when fresh cases flare up."
In the past week, several U.S. states, mainly in the West
and South, have reported a surge in cases.
On Friday, the S&P 500 .SPX and the Dow .DJI ended a
choppy session in the red after Apple Inc's AAPL.O move to
temporarily shut some U.S. stores brought back concerns of a
delay in recovery of business activity.
The S&P 500 .SPX has climbed about 41% from its March
lows, thanks to trillions of dollars in monetary and fiscal
support, the reopening of businesses and improving economic
data. It is now just about 9% off its Feb. 19 record high.
Meanwhile, credit rating agency Moody's said the health
crisis will push debt levels in the world's richest nations up
by almost 20 percentage points on average this year, almost
double the damage seen during the 2009 financial crash.
At 8:21 a.m. ET, Dow e-minis 1YMcv1 were up 201 points,
or 0.79%. S&P 500 e-minis EScv1 were up 25.25 points, or 0.83%
and Nasdaq 100 e-minis NQcv1 were up 89 points, or 0.9%.
U.S.-based meat processor Tyson Inc TSN.N slipped 2.4% as
China's customs authority suspended imports of poultry products
from a plant owned by the company that had been hit by the
coronavirus. Walmart Inc WMT.N rose 1.2% as brokerage UBS upgraded the
retail giant's shares to "buy".
Virgin Galactic Holdings Inc SPCE.N soared 14% as it
signed up with NASA to develop a program to promote private
missions to the International Space Station.