Stock futures sink ahead of data; autos eyed

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(Reuters) - Stock futures pointed to a lower Wall Street open on Wednesday, signaling a reversal of Tuesday's gains. Dow Jones futures were down 1.4 percent, S&P 500 futures were down 1.5 percent and Nasdaq futures were down 2.2 percent at 4:30 a.m. EST.

Highlights:

* Focus on banks after Citigroup share price at one point on Tuesday fell to 13-year low below $8; and Bank of America's chief executive Kenneth Lewis said the U.S. economy will get worse before it improves. Lewis forecast record losses for the U.S. credit card industry.

* Top auto industry executives seeking a politically contested $25 billion aid package told Congress the sector was teetering on the brink of disaster; General Motors head Rick Wagoner said: "It's about saving the U.S. economy from a catastrophic collapse.

* Separately, chief executives of leading U.S. companies called on Tuesday for a fiscal stimulus package worth at least $300 billion and urged president-elect Barack Obama to swiftly name his economic team.

* Tax preparation software maker Intuit is the only S&P 500 <.SPX> company scheduled to report quarterly results.

* Also in diaries: October CPI and October housing starts, both at 1330 GMT, Energy Information Administration's weekly oil inventory report, at 1535 GMT, FOMC October 28-29 meeting minutes, at 1900 GMT.

(Reporting by Peter Starck; Editing by Greg Mahlich)

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