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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Markets
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Index Last Change % Change
Dow 17,169.54 -110.20 -0.64%
Nasdaq 4,525.72 -54.07 -1.18%
S&P 500 1,993.77 -16.63 -0.83%
Treasuries 2.56 -0.02 -0.97%
Data as of 3:06pm ET
Company Price Change % Change
Yahoo! Inc 38.90 -2.03 -4.96%
Bank of America Corp... 17.04 0.09 0.53%
Apple Inc 101.07 0.11 0.10%
EMC Corp 29.78 0.24 0.83%
Microsoft Corp 47.08 -0.44 -0.92%
Data as of 2:51pm ET