Stocks: 5 things to know before the open

July 11, 2014: 7:31 AM ET
sp 500 7
Click on chart to track premarkets
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%.

Join the Conversation
Markets
Sponsored by
Index Last Change % Change
Dow 17,122.08 15.38 0.09%
Nasdaq 4,571.71 1.07 0.02%
S&P 500 2,000.49 0.47 0.02%
Treasuries 2.36 -0.03 -1.17%
Data as of 12:55pm ET
Company Price Change % Change
Bank of America Corp... 16.23 -0.10 -0.61%
Facebook Inc 74.84 -1.12 -1.47%
Apple Inc 101.80 0.91 0.90%
Yahoo! Inc 38.07 0.28 0.74%
Pfizer Inc 29.49 0.28 0.96%
Data as of 12:40pm ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.23%4.25%
15 yr fixed3.23%3.21%
5/1 ARM3.45%3.56%
30 yr refi4.14%4.14%
15 yr refi3.16%3.13%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com