Stock markets are sitting pretty right now and volatility is subsiding.
Plus, it's nearly the weekend!
Here are the four things you need to know before the opening bell rings in New York:
1. Stocks stay still: U.S. stock futures are holding steady after markets made gains Thursday, with the Dow turning positive for the year.
The Dow Jones industrial average jumped 0.9%, the S&P 500 rose 0.7% and the Nasdaq added 0.2%.
That erased a scary start to 2016 that pushed the Dow down by nearly 2,000 points.
The rebound has been driven by a spike in oil and fading fears of a recession in the U.S. Oil has bounced more than 50% off its low to trade around $40 a barrel and the U.S. economy continues to grow, despite the global slowdown.
2. International markets overview: European markets are trending higher in early trading.
The main Russian index is also rising as the central bank elected to keep its key interest rate unchanged at 11%. It's been at this level since the end of July, when it was cut from 11.5%.
Asian markets ended the day in positive territory, except the Nikkei in Japan which dropped by 1.3%.
3. Market movers -- Adobe, Toshiba: Shares in Adobe (ADBE) were shooting up in extended trading after the company posted a well-received earnings update Thursday afternoon.
Shares in Toshiba (TOSBF) jumped by 4% in Japan after the tech giant sold its medical systems business to Canon (CAJ) for about $6 billion. Toshiba has been trying to restructure its business in the wake of a massive accounting scandal. Last month is predicted it would lose $6 billion for the latest financial year.
4. Earnings: The biggest name reporting earnings on Friday is Tiffany & Co (TIF). The jewelry company is reporting before the opening bell.
