CORRECTED-US STOCKS-Wall Street set for gains at end of blistering week

(Corrects to remove reference to Markit PMI data in paragraph
17)
* Boeing rises after four days of heavy losses
* Battered airlines, hotel stocks rebound
* Banks rise, but still headed for fifth weekly decline
* Futures up: Dow 1.55%, S&P 0.99%, Nasdaq 2.7%

By Medha Singh
March 20 (Reuters) - All three main U.S. stock indexes were
on course to open higher on Friday in what is still the market's
worst month in three decades, as intervention by U.S.
policymakers finally seemed to stem the bleeding on Wall Street.
Airlines including United Airlines Holdings UAL.O , Delta
Air Lines Inc DAL.N and Wynn Resorts WYNN.O rose between 9%
and 11% premarket, leading the charge in a sector that has lost
more than half its value in the rout.
Technology-focused heavyweights Microsoft MSFT.O , Intel
INTC.O also firmed 3% with Nasdaq 100 e-minis NQcv1 rising
2.7% at 7,474.5, briefly hitting a daily upper trading limit of
7,629.
A raft of additional monetary measures by the U.S. central
bank, allied to signs of progress on agreeing extra government
spending, propped up the three main stock indexes on Thursday.
Investors are counting on further policy easing in the next
few days as the Senate mulls a $1 trillion package that would
include direct financial help for Americans.
"It's the effect of both central banks and governments
signaling that they're willing to do whatever it takes," said
Teeuwe Mevissen, senior market economist at Rabobank.
"But in general, I don't think these movements signal that
the worst is over and that we are going to get back to normal
anytime soon."
Fears of the severity of the outbreak have spooked investors
over the past month, with the S&P 500 losing nearly 30% - or
more than $8 trillion - in value since hitting a record closing
high on Feb. 19.
Boeing Co BA.N , down 70% since the start of the year as an
almost total halt in air travel added to its 737 MAX woes, rose
1.6%.
Shares of drugmaker MYL.O soared 13% after it restarted
production of its malaria drug in the United States to meet
increased demand, driven by its potential to treat COVID-19.
Shares of U.S. banks including Bank of America Corp BAC.N ,
Citigroup Inc C.N , JPMorgan Chase & Co JPM.N rose more than
2%. Bank stocks .SPXBK , however, were still headed for their
fifth weekly decline as investors eyed a future likely to
include widespread loan defaults.
Oil majors Exxon Mobil Corp XOM.N and Chevron Corp CVX.N
rose more than 7% as oil prices rebounded. O/R
At 08:30 a.m. ET, Dow e-minis 1YMcv1 rose 1.55% and S&P
500 e-minis EScv1 were up 0.99%.
SPDR S&P 500 ETFs SPY.P were up 0.45%
The gains will still be marginal compared with steep losses
for Wall Street in the past four weeks as the rapid spread of
COVID-19 shuts down large cities and upends business activity.
California became the latest state to issue an unprecedented
statewide "stay at home" order as the number of U.S. coronavirus
deaths hit 200. A Reuters poll of economists suggested the global economy
was already in recession.
Markets also face a "quadruple witching" on Friday, where
investors unwind positions in futures and options contracts
before their expiration.