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.