Wall Street poised for lower open on corporate news, ahead of data

U.S. stock futures were lower Friday morning, pointing to a weaker start on Wall Street after a solid rally so far this week as investors hope the economy is starting to stabilize. Today, more data is on tap, as President Obama is set to meet bank CEOs, but reports of layoffs at Google (GOOG) and warnings from Accenture (ACN) dampened sentiment.

President Barack Obama is due to discuss the economic crisis and bank rescue plan with about 15 executives from the nation's largest banks, including JPMorgan Chase & Co (JPM), Goldman Sachs (GS) and Citigroup (C). The meeting is due to begin at noon Eastern. The session will be the latest in a series of such meetings Obama has had with financial industry representatives and business executives.