Stocks: 5 things to know before the open

July 11, 2014: 7:31 AM ET
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HONG KONG (CNNMoney)

Markets appear to have stepped back from the brink after hair-raising events in Europe cast a pall over Wall Street.

Here are the five things you need to know before the opening bell rings in New York:

1) Europe shows resilience: Major European exchanges were all higher in early trading on Friday, bouncing back after worries over a Portuguese bank eased.

Shares in Banco Espirito Santo were suspended on Thursday, but not before they slumped 17%, taking losses for the year to 46%. Banco Esperito resumed trading Friday and said it has sufficient capital to cover any losses.

2) U.S. primed for strong start: Following Europe's lead, U.S. stock futures were all in positive territory Friday morning.

Related: Fear & Greed Index backslides to neutral

3) Earnings on tap: Wells Fargo (WFC) will report earnings before the opening bell, giving investors some insight into the health of the banking sector.

4) Market recap: U.S. stocks closed lower Thursday. The Dow Jones Industrial Average ended the day 71 points lower, while the S&P 500 fell 0.4% and the Nasdaq closed off 0.5%.

Related: CNNMoney's Tech30

5) Asia unfocused: Asian markets were all over the place on Friday. Japan's Nikkei shed 0.3%, the Hang Seng was flat and the Shanghai Composite added 0.4%.

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Index Last Change % Change
Dow 17,078.92 -7.71 -0.05%
Nasdaq 4,470.50 -3.20 -0.07%
S&P 500 1,987.11 0.10 0.01%
Treasuries 2.51 0.04 1.83%
Data as of 3:19pm ET
Company Price Change % Change
Facebook Inc 74.99 3.70 5.19%
Yahoo! Inc 36.14 1.43 4.12%
Ford Motor Co 17.76 -0.02 -0.11%
AT&T Inc 35.30 -0.58 -1.60%
Bank of America Corp... 15.59 0.07 0.45%
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