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 16,452.40 -110.90 -0.67%
Nasdaq 4,329.87 -39.90 -0.91%
S&P 500 1,917.81 -12.86 -0.67%
Treasuries 2.50 -0.05 -2.07%
Data as of 11:56am ET
Company Price Change % Change
Bank of America Corp... 14.98 -0.28 -1.80%
Apple Inc 95.58 -0.02 -0.02%
Facebook Inc 71.94 -0.71 -0.98%
General Electric Co 25.15 0.00 0.00%
Progressive Corp 23.32 -0.12 -0.53%
Data as of 11:41am ET
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