Stock futures were rising Friday, looking to end the week with a rally as European markets rebounded from an ugly session on Thursday.

S&P 500 futures were up 0.71%, Dow Jones Industrial Average futures gained 0.6%, and Nasdaq futures climbed 0.65%.

U.S. stocks spent the majority of Thursday with losses of more than 1% as investors grew skeptical that global central banks could rein in rampant volatility and soothe financial markets. The Dow Jones Industrial Average fell 1.6%, or 255 points, bouncing from a 400-point loss earlier in the session.

U.S. retail sales climbed 0.2% in January, while core sales, excluding auto and gas, rose 0.6%. Lower gas prices were a major pressure on sales last month. December's retail sales were revised up to 0.2% growth from negative 0.1%.

European shares rebounded Friday after closing at their lowest level since 2013. France's CAC 40 added 1.4%, Germany's DAX increased 1.7%, and the FTSE 100 in London rose 1.8%. European stocks had sold off a day earlier after Sweden's central bank made moves to calm markets. Global stocks entered a bear market on Thursday with the MSCI All-Country World Index falling 20% from its May peak.

Crude oil bounced back from 13-year lows on Friday. Prices had entered another tailspin a day earlier amid concerns of weaker demand and what it spells for the global economy. Commodity traders have also shown concern over a supply glut and the inability of some of the largest oil-producing countries to address it. West Texas Intermediate crude oil added 4.5% to $27.40 a barrel on Friday after closing at its lowest level since May 2003 a day earlier.

AIG (AIG - Get Report) , the insurer that Carl Icahn wants to break up, agreed to give board seats to one of his representatives as well as activist investor John Paulson. The company said it would nominate Paulson and Samuel Merksamer, a managing director of Icahn Capital, for election at this year's annual shareholder meeting. The insurance company also reported a wider-than-expected quarterly loss and raised its dividend by 14%. 

Pandora Media (P)  shares were active on reports of deal talks. The music streaming company has reportedly held meetings with potential buyers, though negotiations are still preliminary.Pandora is working with Morgan Stanley to meet with potential buyers, according to sources. Gains were capped, though, after Pandora swung to a quarterly loss. 

Fresh Market (TFM)  rose 2.2% in premarket trading, adding to big gains enjoyed on Thursday afternoon, on reports Kroger (KR - Get Report) is interested in an acquisition. The supermarket chain is reportedly in the second stage of bidding for Fresh Market, up against a number of private-equity firms.

Groupon (GRPN - Get Report)  jumped more than 20% after beating analysts' estimates on its top- and bottom-lines. The deals site reported adjusted earnings of 4 cents a share, above expectations for a break-even quarter. Revenue climbed 3.8% to $917.2 million, above forecasts of $846 million. 

Activision Blizzard (ATVI - Get Report) slumped 11% in premarket trading after a disappointing quarter. Earnings of 83 cents a share fell 3 cents short of estimates, while revenue of $2.12 billion came in under forecasts of $2.2 billion. The video-game developer expects to close its acquisition of King Digital (KING) by the end of the month.