Futures Forecast Lower Open for Wall Street

In the automotive sector, General Motors (GM Quote) was getting ready to sell its 3% stake in Suzuki Motor for $230 million.

As to economic data, New York's November Empire State index is due for release, as are October industrial production and capacity utilization figures from the Federal Reserve.

Switching to commodities, crude oil was down $1.17 to $55.87 a barrel. Gold was shedding 30 cents to $742.20 an ounce.

Longer-dated U.S. Treasury securities were rising in price. The 10-year was adding 5/32 to yield 3.72%, and the 30-year was gaining 6/32, yielding 4.22%. The dollar was rising vs. the euro and pound but weakening against the yen.

Abroad, European exchanges such as the FTSE in London and the DAX in Frankfurt were losing ground. In Asia, Japan's Nikkei ended the day higher, while Hong Kong's Hang Seng closed on the downside.