By Barbara Kollmeyer, MarketWatch

MADRID (MarketWatch) -- Stock futures surged Friday, pointing to a big opening for Wall Street on Friday, after the Bank of Japan delivered a stimulus surprise that powered gains for global equity markets.

Later, investors will get a batch of U.S. data, including consumer spending and a Chicago-area manufacturing survey.

Futures for the S&P 500 index (SPZ4) surged 21.30 points, or 1%, to 2,009.90, while those for the Dow Jones Industrial Average (DJZ4) climbed 182 points, or 1.1%, to 17,296. Futures for the Nasdaq-100 index (NDZ4) jumped 59 points, or 1.4%, to 4,148.50.

The BOJ board voted 5-4 in favor of increasing the central bank's annual asset purchases to 80 trillion yen, from a prior target range of Yen60 trillion to Yen70 trillion, amid worries about dwindling inflation and downbeat economic data. The Nikkei 225 index soared nearly 5%, while the yen hit a near seven-year low, which put further pressure on gold.

"The U.S. sends 4.5% of it exports to Japan, and so any action that can: (a) ward off the threat of deflation and the crippling effect that has on consumer expenditure; (b) give a boost to the Japanese economy, which is the world's third largest, has to be seen as a strong positive for future earnings potential," said Stephen Pope, managing partner at Spotlight Ideas.

On Thursday, upbeat economic data and earnings pushed U.S. stocks higher. The Dow industrials (DJI) vaulted 200 points higher, setting it to end the week over 2% higher. The S&P 500 index (SPX) is set to end the week 1.5% higher, a gain of just over 1% for the month.

The Dow hit an intraday high of 17,223.96 on Thursday, which was the highest since September 24, 2014, but looks set to exceed that on the open.

More data at month's end: There's a batch of data on Friday as the trading month ends. Analysts polled by MarketWatch predict U.S. consumer spending -- one of three main legs holding up the economy -- rose by a mere 0.1% in September. That report is out at 8:30 a.m. Eastern time. At the same time, the employment-cost index for the third quarter is due, and is expected to rise 0.5% on an annualized basis.

Consumer sentiment for October is due at 9:55 a.m. Eastern Time, with economists expecting that data to remain unchanged at 86.4 and remain near a 2014 high. Just ahead of that data, the Chicago purchasing managers index for October will be released.

Stocks to watch: Earnings from Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), AbbVie Inc. (ABBV) and Madison Square Garden Co. (MSGNV) are all on the early earnings list. Madison Square Garden has been in the news lately on talk it will split.

Hilton Worldwide Holdings (HLT) lifted its full-year outlook Friday as it reported third-quarter earnings of 19 cents a share.

Starbucks Corp. (SBUX) is down over 3% after its first-quarter outlook fell below forecasts. GoPro Inc. (GPRO) is up 17% in premarket after results topped Wall Street estimates, while LinkedIn Corp. (LNKD) was up 5% after the company's sales outlook was a bit weaker than expected, but results also came in slightly better than forecast.

As markets surged in preopen, shares of Apple Inc. (AAPL) rose 1.1% in premarket, on course to open at a record intraday high.

Gold sinks as dollar soars: Gold prices (GCZ4) were trading at levels not seen since 2010, dropping nearly $25 to $1,174.30, with the dollar (USDJPY) trading around Yen111.71. Oil (CLZ4) also pulled back. Asian markets were higher, with the Nikkei closing at its highest level in nearly seven years, on the back of the Japanese stimulus. European stocks rallied along with global stocks.

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