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Futures: Dow flat, S&P 500 down 0.09%, Nasdaq down 0.13%

Feb 7 (Reuters) - Futures linked to Wall Street's main

indexes were subdued on Friday as investors avoided large bets

prior to the crucial January jobs report, while Amazon.com's ( AMZN )

shares were pressured by low forecasts and weakness in its cloud

computing unit.

U.S. job growth likely slowed last month, partly restrained

by the California wildfires and cold weather in parts of the

country, with estimates of a reading of 170,000 jobs added,

according to economists polled by Reuters.

The payrolls number from April to December is also likely to

be revised to reflect new information and seasonal factors.

"Today's data is not expected to show the kind of slowdown

that would force the Fed's hand," Max McKechnie, global market

strategist at J.P. Morgan Asset Management said in a mailed

statement.

"While payrolls are forecast to moderate after January's

bumper print, the anticipated 170 thousand jobs are still more

than enough to keep the Fed on hold for now," he said.

Traders do not expect the U.S. Federal Reserve to make a

move on interest rates in its next meeting in March, but a cut

is widely anticipated in June, according to the CME's FedWatch

Tool.

Dallas Federal Reserve Bank President Lorie Logan signaled

overnight that she was ready to keep interest rates on hold for

"quite some time" even if inflation drops closer to the Fed's 2%

goal, as long as the labor market does not falter.

Meanwhile, Amazon.com ( AMZN ) dipped 3% in premarket

trading due to weakness in the retailer's cloud computing unit,

Amazon Web Services, and lower-than-expected forecasts for

first-quarter revenue and profit.

At 04:30 a.m. ET, Dow E-minis were mostly

unchanged, S&P 500 E-minis were down 5.5 points, or

0.09%, and Nasdaq 100 E-minis were down 27.75 points, or

0.13%.

Markets saw a dismal start to the week when U.S. President

Donald Trump announced sweeping trade tariffs over the weekend,

but suspended the levies on goods from Mexico and Canada on

Monday for a month.

Since then, a host of strong earnings and optimism about a

potential China-U.S. trade deal despite Beijing's tit-for-tat

tariffs have set all three major indexes on track for weekly

advances, with the Dow on pace for its fourth straight

weekly rise.

Of the 292 S&P 500 companies that have reported

earnings so far, more than 76% beat analysts' expectations,

according to data compiled by LSEG.

A preliminary reading of U.S. consumer sentiment for

February is due shortly after markets open.

Among other early movers, Pinterest ( PINS ) jumped 20.3%

after the image-sharing platform forecast first-quarter revenue

above market estimates.

Elf Beauty ( ELF ) tumbled 26.3% after the cosmetics company

cut its annual net sales and profit forecasts.

Expedia ( EXPE ) added 9.1% after the online travel platform

posted better-than-expected fourth-quarter results.