Wall Street loves the strong February jobs report.

US stock index futures extended gains on Friday after a better-than-expected February nonfarm payrolls report underscored the strength of the labor market and firmed up the odds for the first interest rate hike this year.

Nonfarm payrolls rose by 235,000 jobs last month as the construction sector recorded its largest gain in nearly 10 years due to unseasonably warm weather, the Labor Department said.

Dow futures were up 106 points shortly before 9 a.m. in the wake of the 8:30 a.m. jobs report.