US STOCKS-Futures tumble as stimulus doubts resurface

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* Futures down: Dow 0.9%, S&P 1%, Nasdaq 1%

By Shriya Ramakrishnan
Dec 11 (Reuters) - U.S. stock index futures fell 1% on
Friday as delays over a new fiscal stimulus package and surging
coronavirus infections dented sentiment even as regulators moved
toward emergency use authorization of a COVID-19 vaccine.
With fresh business restrictions in many states and a jump
in weekly jobless claims, investors are counting on more fiscal
relief to sustain a nascent economic recovery.
But an agreement remains elusive and House Speaker Nancy
Pelosi on Thursday raised the possibility of negotiations
dragging on through Christmas.
Cyclical stocks, which stand to benefit from an economic
recovery, led declines in premarket trading on Friday, with
energy, industrial and financial sectors all lower.
Major banks Wells Fargo & Co WFC.N and JPMorgan Chase & Co
JPM.N slid more than 1%, while industrial bellwethers Boeing
Co BA.N and 3M Co MMM.N fell 1.6% and 0.9%, respectively.
The benchmark S&P 500 .SPX and the blue-chip Dow .DJI
were set to snap a two-week winning streak as volatility .VIX
jumped to its highest in almost a month.
At 06:29 a.m. ET, Dow E-minis 1YMcv1 were down 270 points,
or 0.89%, S&P 500 E-minis EScv1 were down 37.5 points, or
1.02%, and Nasdaq 100 E-minis NQcv1 were down 125.75 points,
or 0.98%.
Global stock markets were also subdued after scaling record
highs earlier this week as the UK became the first country in
the world to begin a mass COVID-19 vaccination program.
MKTS/GLOB
A panel of outside advisers to the U.S. Food and Drug
Administration on Thursday voted overwhelmingly to endorse
emergency use of Pfizer's PFE.N COVID-19 vaccine, sending
shares of the drugmaker up 1.9% in premarket trading.
Mastercard MA.N dropped 1.4% after the UK Supreme Court
gave the green light for a $18.5 billion class action against
the company for allegedly overcharging more than 46 million
people in Britain over a 15-year period.