Stocks set for lower open despite GDP declining only 1 percent in Q2

U.S. stocks were set for a higher open Friday morning, ready to finish the week on a higher note, at least before the GDP is released. After such a busy earnings week, today is going to be all about the economy as investors will focus on the release of second-quarter gross domestic product data, with many hoping it would indicate a slower pace of decline and a recovery ahead for the U.S. economy.

Update: Futures turned lower despite GDP report coming below expectation.

More here: Before the bell: Stock futures higher ahead of GDP