U.S. stock index futures indicated a higher open on Friday after the jobs report showed creation of 292,000 jobs.
Dow futures traded about 130 points higher. Earlier, Dow futures rose more than 220 points after the December employment report, which showed the unemployment rate at 5.0 percent. Average hourly earnings declined one cent, for an annualized gain of 2.5 percent, mostly because wages were unusually weak in December 2014, Reuters said.
Treasury yields held higher, with the 2-year yield at 0.97 percent and the 10-year yield at 2.17 percent.
The U.S. dollar index pared gains to trade about half a percent higher against major world currencies, with the euro near $1.087 and the yen at 118.06 yen against the greenback, as of 9:17 a.m. ET.
Dow futures were up about 140 points ahead of the report, helped by recovery in global markets overnight.
The Shanghai Composite closed 1.98 percent higher on Friday, one day after a seven percent stock drop triggered a circuit breaker and forced Chinese markets to close early for the second time in a week.
The People's Bank of China said Friday it would further liberalize interest rates. The central bank also said it would make the yuan more international, keep the currency basically stable, further improve the currency formation mechanism and deepen reforms of the foreign exchange management system and financial institutions.
Expectations for Federal Reserve rate hikes in 2016 rose Friday after the jobs report. Two more employment reports and other data are due before the central bank is next expected to consider another rate rise, in March.
Friday will also see wholesale trade released at 10:00 a.m., with consumer credit due at 3:00 p.m.
In Asia, Japan's Nikkei finished 0.39 percent lower. In Europe, the pan European Stoxx 600 index was around 0.45 percent higher on Friday morning.
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Oil pared earlier gains, with WTI near $33.50 a barrel and Brent hovering around $34 a barrel.
U.S. stocks are sharply lower on the week, with the Dow Jones industrial average and S&P 500 posting their worst first four days of a year in history as of Thursday's close.
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— CNBC's Patti Domm and Reuters contributed to this report