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NEW YORK (CNNMoney)
And there could be more good cheer Friday morning, with U.S. stock futures indicating a positive start when the bell rings. The S&P 500 index was up by roughly 0.2% ahead of the open.
December is often a good month for stocks -- a trend that has been dubbed the Santa Claus rally.
Related: Fear & Greed Index
But all is not well in China, where cash crunch concerns are troubling investors.
China's benchmark index, the Shanghai Composite, fell for a ninth consecutive day Friday, dropping 2% to a four-month low even after an emergency cash injection by the country's central bank.
The People's Bank of China made the announcement on Weibo -- a micro-blog site similar to Twitter (TWTR) -- but the move largely failed to quell investor fears that cash was in short supply in the system, in an echo of a liquidity crunch earlier in the year.
The Shanghai Composite has fallen by just over 6% this month and is down by 8% since the start of the year.
Related: Federal Reserve assets now top $4 trillion
Looking ahead to Friday, the U.S. government will release its third estimate of third-quarter GDP at 8:30 a.m. Friday.
In corporate news, firms including BlackBerry (BBRY) and Walgreen Co. (WAG, Fortune 500) are scheduled to report quarterly results before the opening bell.
Nike (NKE, Fortune 500) shares slipped in after-hours trading Thursday after the apparel maker released its quarterly results.
U.S. stocks finished flat Thursday.
Related: Google fined $1.2 million over privacy violations
European markets were edging higher in morning trading, with Germany's Dax index leading the pack with a 0.5% gain.
Asian markets had a mixed day. The Hang Seng in Hong Kong drifted lower, but other markets posted big gains to end the week.
Australia's ASX All Ordinaries rose 3.2%. India's Sensex was up by 1.5%. Japan's Nikkei was little changed.
First Published: December 20, 2013: 5:27 AM ET
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