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Dow futures rise 100 points after strong jobs report

U.S. stock index futures pointed to a higher open on Friday as traders digested a crucial jobs report ahead of a probable U.S. interest rate hike next week.

The U.S. economy added 235,000 jobs last month, according to the Bureau of Labor Statistics. The U.S. unemployment ticked lower to 4.7 percent.

Economists polled by Reuters expected the economy to have added 190,000 jobs last month.

Dow futures extended gains after the release, trading 100 points higher.

Market expectations for an interest rate rise next week have skyrocketed in recent weeks amid hawkish Fed rhetoric and solid economic data. According to the CME Group's FedWatch tool, March rate hike expectations were at 90.8 percent. The Federal Open Market Committee meeting is scheduled for March 14-15.


On the earnings front, Vail Resorts reported quarterly before the bell.

In Europe, the pan-European Stoxx-600 index was around 0.44 percent higher on Friday. In Asia, the Shanghai Composite in China closed 0.13 percent lower, while the Nikkei in Japan closed 1.48 percent higher.

In oil markets, prices edged higher on Friday after dropping to its lowest level in three months in the previous session after pressures concerning global oversupply lingered.

Brent crude traded at around $52.51 a barrel on Friday, up 0.61 percent, while U.S. crude was around $49.64 a barrel, up 0.73 percent.

—CNBC's Fred Imbert contributed to this report.