NEW YORK (CNNMoney.com) -- Stocks were poised to open lower on Wall Street Friday following a disappointing profit forecast from the software giant Microsoft while investors braced for the quarterly GDP report.

Stock futures, an indication of where stocks will trade in the early going, were lower at 6:12 a.m. ET.

Microsoft (Charts) reported late Thursday that its sales and profits jumped in the first quarter, but the company also gave a disappointing forecast for the current quarter.

The furious pace of earnings news looks to slow as oil giant Chevron (Charts) is one of the few major U.S. firms scheduled to report earnings before the bell Friday.

Investors will have one more economic report to digest Friday, following a deluge of readings earlier this week, particularly on the housing sector. Third-quarter Gross Domestic Product report is due at 8:30 a.m. ET, with economists polled by Briefing.com anticipating a 2.1 percent reading.

Oil prices were lower early Friday while Treasury prices were little changed in early trading, leaving the yield on the 10-year note near the 4.83 percent level reached late Monday.

Stocks in Asia closed mixed, after China's largest lender, Industrial & Commercial Bank of China, rolled out its initial public offering. Stocks in Europe were up in early trading.