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 17,279.74 13.75 0.08%
Nasdaq 4,579.79 -13.64 -0.30%
S&P 500 2,010.40 -0.96 -0.05%
Treasuries 2.59 -0.04 -1.60%
Data as of 4:19am ET
Company Price Change % Change
Yahoo! Inc 40.93 -1.16 -2.74%
Microsoft Corp 47.52 0.84 1.80%
Bank of America Corp... 16.95 -0.09 -0.53%
Oracle Corp 39.80 -1.75 -4.21%
Facebook Inc 77.91 0.91 1.18%
Data as of Sep 19