US STOCKS-Futures fall after bumper session as virus threat rages on

* Futures down: Dow 0.34%, S&P 1.26%, Nasdaq 0.94%

(For a live blog on the U.S. stock market, click LIVE/ or type
LIVE/ in a news window)
By Uday Sampath Kumar and Medha Singh
March 25 (Reuters) - U.S. stock index futures fell on
Wednesday after a strong rebound in the previous session, as an
imminent $2 trillion rescue package failed to completely allay
investor concerns over the economic threat from the coronavirus
pandemic.
After the White House and Senators agreed to the deal to aid
businesses and millions of Americans hit by the health crisis,
futures briefly surged but soon reversed course as traders said
much of the stimulus had been priced into financial markets.
On Tuesday, the Dow Jones .DJI had soared over 11% in its
best day since 1933, while the S&P 500 .SPX jumped 9.4%,
recouping about $1.8 trillion in market value.
"It's too early to be positive," said Andrea Cicione, head
of strategy at TS Lombard.
"We still haven't seen evidence that things are improving in
terms of contagion. We also haven't fully appreciated how far
this recession will go."
The benchmark S&P 500 was nearly $8 trillion below its mid
February high, and investors expect more violent swings. Wall
Street's fear gauge .VIX , which nudged lower following reports
of the Senate agreeing on the stimulus package, was up 4.3
points at 66.01.
The Senate will vote on the bill later on Wednesday and the
House of Representatives is expected to follow soon after.

Airlines, hotels and cruise operators, among the hardest hit
U.S. sectors, were some of the biggest gainers in premarket
trading.
American Airlines AAL.O , Carnival Corp CCL.N MGM Resorts
MGM.N and Norwegian Cruise Line Holdings NCLH.N jumped
between 15% and 23%.
Nike Inc NKE.N rose 9% after the sportswear giant beat
quarterly revenue estimates and said sales in China were
rebounding, helped by online orders. Boeing Co BA.N continued its rally, jumping nearly 15% as
sources said the planemaker planned to restart 737 MAX
production by May, ending a months-long halt triggered by a
safety ban.
At 07:13 a.m. EDT, Dow e-minis 1YMcv1 were down 70 points,
or 0.34%, S&P 500 e-minis EScv1 were down 30.75 points, or
1.26% and Nasdaq 100 e-minis NQcv1 were down 70.75 points, or
0.94%.