CORRECTED-US STOCKS-Futures tumble on fears of financial hit from China virus

(Corrects to "Oct. 10" from "Nov. 10" in paragraph 7)
* Futures down: Dow 1.41%, S&P 1.41%, Nasdaq 1.83%

By Sruthi Shankar
Jan 27 (Reuters) - U.S. stock index futures fell sharply on
growing concerns about the financial fallout of a fast-spreading
coronavirus outbreak in China as the country extended the Lunar
New Year holidays and more big businesses shut down.
Travel-related stocks, including airlines, casinos and
hotels, were the worst-hit in premarket trading on Monday.
Several cities in China had been locked down for contagion fears
and new cases were reported from across the world.
Wynn Resorts Ltd WYNN.O , Melco Resorts & Entertainment Ltd
MLCO.O and Las Vegas Sands Corp LVS.N , which have large
operations in China, were down between 5% and 7%. United
Airlines Holdings Inc UAL.O and American Airlines Group Inc
AAL.O fell 3.5% and 2.6%, respectively.
Shares of some tech heavyweights that enjoyed a strong rally
recently were also down. Apple Inc AAPL.O , Alphabet Inc
GOOGL.O and Amazon.com Inc AMZN.O were all down about 2%.
The benchmark S&P 500 .SPX recorded its worst week in six
months on Friday and investors flocked to safer assets such as
gold and government bonds.
The death toll from the outbreak in China rose to 81 on
Monday. While a small number of cases linked to people who
travelled from Wuhan have been confirmed in more than 10
countries, including Thailand, France, Japan and the United
States, no deaths have been reported outside China. Wall Street's fear gauge, the CBOE Volatility index .VIX
jumped to its highest since Oct. 10.
At 7:00 a.m. ET, Dow e-minis 1YMcv1 were down 408 points,
or 1.41%. S&P 500 e-minis EScv1 were down 46.5 points, or
1.41% and Nasdaq 100 e-minis NQcv1 were down 167 points, or
1.83%.
Shares in oil majors Exxon Mobil Corp XOM.N and Chevron
Corp CVX.N fell about 2% each as crude price dropped below $60
for the first time in nearly three months as the outbreak stoked
fears of slowing oil demand. O/R
Shares of Yum China Holdings Inc YUMC.N fell 6.2% after
the company said it had temporarily closed some of its KFC and
Pizza Hut stores in Wuhan. Fourth-quarter earnings season will kick into high gear this
week with 141 of the S&P 500 companies expected to report this
week including Apple, Microsoft Corp MSFT.O and Boeing Co
BA.N .
Of the 85 S&P 500 companies that have reported earnings so
far, about 68% have reported earnings above analysts'
expectations, according to Refinitiv IBES data.
No.1 U.S. homebuilder D.R. Horton Inc DHI.N rose 2.5%
after raising the upper end of its forecast for full-year home
sales.