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.