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 17,060.91 86.60 0.51%
Nasdaq 4,546.31 -2.92 -0.06%
S&P 500 1,981.67 -0.63 -0.03%
Treasuries 2.29 -0.03 -1.33%
Data as of 9:44am ET
Company Price Change % Change
Dow Chemical Co 47.38 -0.60 -1.25%
AbbVie Inc 59.98 -0.95 -1.56%
Wells Fargo & Co 52.17 0.39 0.75%
E I du Pont de Nemou... 66.80 -1.15 -1.69%
Twenty-First Century... 34.35 0.04 0.12%
Data as of Oct 29