REFILE-US STOCKS-Wall St set for slight bounce after 'Black Monday' carnage

(Corrects typographical error in first paragraph)
* Banks rise on plans to access Fed's discount window
* Boeing in talks to seek aid for battered aviation sector
* Regeneron jumps after positive update on COVID-19
treatment
* Full extent of coronavirus pandemic still uncertain
* Futures up: Dow 0.77%, S&P 0.83%, Nasdaq 1.29%

By Medha Singh
March 17 (Reuters) - Wall Street's main indexes looked set
for a bounce on Tuesday, a day after their biggest drop since
the 1987 crash, as efforts to contain the rapidly-spreading
coronavirus upended parts of the economy and dampened business
sentiment.
The Federal Reserve's severe move to cut interest rates to
near zero on Monday sent the benchmark S&P 500 .SPX to late
2018 lows, marking its third-biggest daily percentage drop on
record, beaten only by the 1987 rout and the Great Depression
crash.
Randy Frederick, vice president of trading and derivatives
for Charles Schwab in Austin, Texas expressed skepticism over
the market's bounce and said that the sentiment still remained
weak.
"We have not experienced an issue like this in the last
several decades, where it affects all industries and businesses
everywhere in the world."
As governments in the United States and Europe start
shutting restaurants and schools, as well as asking people to
stay home, several investors are concerned the current crisis
could snowball into something bigger than a recession, including
a credit crisis or even a depression. "A recession is a fairly high probability. The question is
when does it start," Frederick said.
Wall Street's three main indexes have plunged about 30% from
their record closing highs in mid February, ending the U.S.
stock market's longest-ever bull run.
At 8:41 a.m. ET, Dow e-minis 1YMcv1 were up 158 points, or
0.77%. S&P 500 e-minis EScv1 were up 20 points, or 0.83% and
Nasdaq 100 e-minis NQcv1 were up 90.75 points, or 1.29%.
Big U.S. lenders ticked higher after announcing they would
access funding from the Fed's "discount window". Bank of America
Corp BAC.N , Citigroup Inc C.N , Goldman Sachs Group Inc
GS.N , JP Morgan Chase & Co JPM.N , and Wells Fargo & Co
WFC.N rose between 2.0% and 2.6% in premarket trading.
Boeing Co BA.N gained 2.6% after the planemaker said it
was in talks with senior White House officials and congressional
leaders about short-term assistance for the entire U.S. aviation
sector. United Airlines UAL.O , Southwest Airlines Co LUV.N and
Delta Air Lines DAL.N also rose more than 1.4%.
In a bright spot for healthcare stocks, Pfizer Inc PFE.N
gained 3.4% after the drugmaker signed a deal with Germany's
BioNTech SE 22UAy.F to co-develop a potential coronavirus
vaccine. Regeneron Pharmaceuticals Inc REGN.O jumped 10.5% after
the company said it had identified antibodies to potentially
treat COVID-19. China's JD.com Inc JD.O rose 5.6% after the e-commerce
company announced up to $2 billion in share buybacks and
estimated a growth in sales in the current quarter.