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Updated to include further earnings information.

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Here are five things you must know for Thursday, Dec. 1:

1. -- U.S. stock futures pointed to a lower open for Wall Street on Thursday as oil prices stabilized after soaring during the previous session following an agreement from OPEC to cut output.

European stocks traded lower while Asian stocks finished higher Thursday, getting a boost from overnight gains in oil and upbeat factory data from China.

West Texas Intermediate crude oil rose 1.1% early Thursday to $49.98 a barrel. Crude jumped 9.3% on Wednesday and was up 5.5% in November after the Organization of Petroleum Exporting Countries reached an agreement to trim production by 1.2 million barrels a day. OPEC currently produces 33.6 million barrels a day, a record high.

The economic calendar in the U.S. on Thursday includes weekly Jobless Claims at 8:30 a.m. EST, the ISM Manufacturing Index for November at 10 a.m., and Construction Spending for October at 10 a.m.

2. -- U.S. automakers, including Ford (F) - Get Free Report and General Motors (GM) - Get Free Report , will release sales results for November throughout the day.

Auto sales data for last month are expected to paint the picture of an industry where growth is stalling but sales show no sign of falling off a cliff.

Online marketplace TrueCar projected total U.S. vehicle sales for November, including fleet deliveries, will hit 1.367 million units, up 3.6% from the same period a year earlier. But this November was aided by two additional selling days compared to November 2015. 

3. -- Rockwell Collins (ROK) - Get Free Report  is under pressure from activist fund Starboard Value to reconsider its $6.4 billion purchase of B/E Aerospace (BEAV) and instead explore alternative options, including selling itself, Bloomberg reported, citing people familiar with the matter.

In addition to the activist fund, at least three other top-25 shareholders are planning to reject the B/E Aerospace deal in favor of a sale, the people told Bloomberg. The acquisition, which is expected to close early next year, remains subject to a shareholder vote.

The people told Bloomberg that Rockwell Collins is aware of the discontent among some of its shareholders but it's unclear whether the company is open to the idea of a sale.

In other merger-related news, Fitbit (FIT) - Get Free Report is in advanced talks to acquire troubled smartwatch makerPebble, the Financial Times reported, citing several people close to the negotiations.

The deal is in its closing stages but hasn't been completed. People close to the deal told the FT that Fitbit was paying a low price for the Silicon Valley-based start-up, which has struggled financially.

Pebble has raised more than $40 million through Kickstarter, including the crowdfunding site's biggest campaign in 2015, according to the FT.

4. -- Nestle (NSRGY) - Get Free Report claimed it has found a way to naturally reduce the sugar content in chocolate bars as food and drinks makers grapple with increased pressure from governments to deal with a growing obesity epidemic. 

The maker of Kit Kat, BabyRuth and Butterfinger candies said its researchers discovered a way to structure sugar differently using natural ingredients so that "even when much less is used in chocolate, your tongue perceives an almost identical sweetness to before." 

5. --  Guess? (GES) - Get Free Report fell 13% in premarket trading after the retailer reduced its earnings guidance for the year and posted fiscal-third quarter earnings and sales that missed analysts' estimates.

Express (EXPR) - Get Free Report  shares fell 8.8% after the retailer said it expects fourth-quarter earnings well below Wall Street forecasts.

Shares of discount retailer Dollar General (DG) - Get Free Report fell 4.9% in premarket trading after posting a 0.1% decline in third-quarter comparable sales while analysts were expecting a sales gain of 0.6%.

Earnings are also expected Thursday from Ambarella (AMBA) - Get Free Report , Five Below (FIVE) - Get Free Report , Kroger (KR) - Get Free Report , Lands'End (LE) - Get Free Report , Smith & Wessonundefined and Workday (WDAY) - Get Free Report .