NEW YORK (Reuters) - U.S. stocks were little changed on Friday, with indexes on track for their biggest weekly drop in months, as an early ream of corporate earnings wasn't enough to entice buyers even after a string of market losses.
European stocks were little changed, halting five days of losses, amid increased takeover activity and as investors bet the financial troubles of Banco Espirito Santo SA won't spiral into an euro-area banking crisis.
Profits at Wells Fargo rose 3% in the second quarter, as the US's largest bank benefitted from a pick-up in the US economy. The bank - which is responsible for one out of six US home loans - reported a quarterly profit of $5.7bn (�3.3bn).
Shares of America's largest online retailer surged over 4.5% on Friday morning as the company fought for the right to test its new drone delivery program, among a handful of other initiatives taken this week.
(Adds details, updates prices). By Caroline Valetkevitch. NEW YORK, July 11 (Reuters) - Major global equities markets steadied and the yen stabilized against the U.S.