First look... Stocks are headed for a moderate decline when the market opens this morning, erasing some of the big gains racked up yesterday after the government said the economy grew more than expected in the third quarter. Asian stock markets snapped three days of losses Friday after the U.S. economy broke out of a yearlong slump, spurring hopes of improved demand for the region's exports. European shares were mixed. Eight of ten reporting Asian/pacific markets are up. The Hong Kong Hang Seng is up 2.29%. The India BSE 30 is down 0.97%. Four of eight reporting European markets are up. The German Dax is down 0.49%. The Austria ATX is up 1.53%. Almost all of the highest volume US stocks on the Frankfurt exchange are up. Time Warner (TWX), Bank of America (BAC), Alcoa (AA), Advanced Micro Devices (AMD), Motorola (MOT), Intel (INTC) and General Electric (GE) are up. Citigroup (C), Verizon (VZ) and Microsoft (MSFT) are down.