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%.

Markets
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Index Last Change % Change
Dow 17,859.15 31.40 0.18%
Nasdaq 4,803.09 15.77 0.33%
S&P 500 2,069.79 -3.04 -0.15%
Treasuries 2.20 -0.03 -1.39%
Data as of 12:22pm ET
Company Price Change % Change
Kinder Morgan Inc 41.16 -1.16 -2.74%
Halliburton Co 42.03 -5.31 -11.22%
General Electric Co 26.54 -0.33 -1.22%
Apple Inc 118.88 -0.12 -0.10%
Bank of America Corp... 17.06 -0.05 -0.32%
Data as of 12:07pm ET