US stock futures follow European indexes higher

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NEW YORK (AP) -- U.S. stock futures are following European indexes higher in early trading.

Stocks surged in the last hour of trading Tuesday following reports that European officials are exploring a coordinated response to propping up the region's struggling banks. Benchmark indexes in France, Spain and Germany rose more than 2 percent Wednesday.

In the U.S., investors will be looking toward ADP's monthly report on hiring by private companies. The Institute of Supply Management will release its reading of the service sector in September.

Two hours before the opening bell, Dow futures were up 41 points, or 0.4 percent, to 10,750. S&P futures gained 5, or 0.5 percent, to 1,119. Nasdaq 100 futures rose 9, or 0.4 percent, to 2,125.