Stocks are indicated modestly lower on disappointing GDP numbers Friday morning. Less than an hour before the start of trading in New York, stock index futures indicate that the Dow Jones Industrial Average might lose about 20 points at the open.

Stock index futures fell into the red after the latest Gross Domestic Product report showed the economy growing at a 2.7 percent annual rate in the first quarter, which was below economist estimates of 3 percent.

Stock index futures were higher ahead of the data after US lawmakers reached agreement on FinReg. Some of the banks, including JP Morgan (JPM), Goldman Sachs (GS), and BofA (BAC), edged higher after the final legislation was not as restrictive as some feared. While it prohibits banks from making risky bets with their own funds, it allows investments into other areas like private equity and hedge funds.

The bill is expected to clear both chambers of Congress next week and then President Obama is likely to sign the bill into law by July 4.

Meanwhile, sluggish trading continues overseas. Japan’s Nikkei paced a broader decline across Asia with a 1.9 percent drop. Germany’s DAX and France’s CAC 40 Index both lost .6 percent. The euro slumped .0041 to 1.2285 against the buck.

Crude oil edged up 10 cents to $76.61 a barrel and gold gained $6.3 to $1252.20 an ounce.

Bonds are little changed ahead of the University of Michigan Sentiment Index, due out at 9:55 eastern time. The benchmark ten-year Treasury is down 2/32 and now yields 3.13 percent.

The day’s stock news is mixed. Oracle (ORCL) rose nearly 4 percent after posting a 60-cent per share quarterly profit, which was 6 cents better than Street estimates. Research In Motion (RIMM) and homebuilder KB Homes (KBH) are seeing post-earnings weakness. BP shares lost another 3.5 percent, falling to 14-year lows, after the oil giant said the cost of the Gulf spill had reached $2.35 billion.