It looks like it’s time for a bounce after days of gut-wrenching volatility in the stock market.
Here are the four things you need to know before the opening bell rings in New York:
1. Comeback time: U.S. stock futures were definitively higher and most European markets were rising by more than 1% in early trading.
Investors are clearly feeling steadier after panic flooded the markets over the previous few days. The Nasdaq briefly hit correction territory on Thursday, signaling a 10% decline from a recent peak.
Even though markets had a wild ride on Thursday, stocks settled down at the end of the day and the indexes closed with only minor changes. The Dow lost 25 points, while the S&P 500 and Nasdaq edged into positive territory.
CNNMoney’s Fear & Greed index still shows investors are feeling extremely fearful.
Over in Asia, the main stock markets were mixed at the close of the week.
2. Earnings and economics: Investors are waiting for General Electric, Morgan Stanley and Honeywell to report quarterly earnings before the opening bell.
The U.S. government will post housing start data for September at 8:30 a.m. ET. The University of Michigan Consumer Sentiment Index comes out at 9:55 a.m.
3. Stock market movers — Google, Urban Outfitters, Rolls Royce: Shares in Google are slipping premarket after the company’s quarterly results showed third-quarter sales came in short of expectations. It also reported another decline in the average amount paid by advertisers when a user clicks on an ad.
Shares in Urban Outfitters are plunging by 13% premarket after the retailer warned that third quarter earnings will be squeezed.
Rolls-Royce is having a tough day on the London markets. Shares in the aircraft engine-maker are falling by about 8% after the firm warned that market conditions have deteriorated and some big customers are delaying and canceling orders because of Russian trade sanctions.
4. Shoes and shares: Shoemaker Jimmy Choo debuted on the London stock market Friday. Shares were relatively flat in early trading. The company picked the ticker symbol “CHOO”.
