Wall Street stock futures down; eyes on Exxon, GDP (Reuters)

were down 0.3 percent on Thursday at 5:25 a.m. EDT and S&P 500 futures were also lower by 0.2 while Nasdaq futures were down by 0.1 percent.

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Wall Street Journal reported that the automaker will cut 5,000 North American white-collar jobs by November 1 -- part of GM's plan announced earlier this month to save $10 billion through 2009. The day's economic data calendar has advance Q2 GDP, Q2 employment costs and weekly jobless claims at 8:30 a.m. EDT; the New York NAPM at 9 a.m. EDT; the Chicago PMI at 1345 GMT and the Kansas City Fed's July manufacturing survey at 11 a.m. EDT.

Full Story: Wall Street stock futures down; eyes on Exxon, GDP (Reuters)

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