US Stock Futures Signal Higher Start On Wall Street, Jobs Data In Focus

US stock futures are signaling higher start on Wall Street. The European equity markets surged, while the US dollar moved down after the Federal Reserve announced its plans of new bond-buying program. Futures on the Dow Jones Industrial Average advanced 62 points to 11,239, while S&P 500 futures surged 7.20 points to 1,205. Nasdaq 100 futures moved up 12 points to 2,176. US retailers are also scheduled to report their October same-store sales. Apache Corp APA, CBS Corp CBS and DirectTV DTV are all set to report their quarterly results today. The data on jobless claims and productivity is due for release at 8:30 a.m. ET. The Federal Reserve has announced its plans to buy additional $600 billion in longer-term Treasury securities by the end of Q2, 2011. European stock markets surged on the Fed news, with the UK FTSE 100 index gaining about 1.76%. Gold futures gained $26.20 to $1,363.80 an ounce in electronic trading on Globex. The US dollar fell versus its major rivals, with the dollar index (DXY) losing about 0.77%. Read more from Benzinga's Markets.