(For a Reuters live blog on U.S., UK and European stock

markets, click/ or type LIVE/ in a news window.)

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January nonfarm payrolls report due at 8:30 a.m. ET

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Fortinet ( FTNT ) rises after upbeat annual revenue forecast

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Microchip falls on downbeat Q4 net sales, profit forecast

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Futures: Dow up 0.08%, S&P 500 flat, Nasdaq down 0.03%

(Updates with results from Microchip, Fortinet ( FTNT ))

By Shashwat Chauhan and Sukriti Gupta

Feb 7 (Reuters) -

U.S. stock index futures were muted on Friday as investors

waited for the monthly jobs report to gain insight into the

central bank's interest-rate path, while Amazon.com's ( AMZN ) shares

were pressured by cloud computing weakness and a tepid forecast.

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

by the California wildfires and cold weather in parts of the

country, with a Reuters poll of analysts showing the addition of

170,000 jobs after surging 256,000 in December.

"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 an e-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 3.2% 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 06:47 a.m. ET, Dow E-minis were up 37 points, or

0.08%, S&P 500 E-minis were mostly unchanged, and Nasdaq

100 E-minis were down 7.25 points, or 0.03%.

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 22%

after the image-sharing platform forecast first-quarter revenue

above market estimates.

Elf Beauty ( ELF ) tumbled 26.9% after the cosmetics company

cut its annual net sales and profit forecasts, while Expedia ( EXPE )

added 10.4% after the online travel platform posted

better-than-expected fourth-quarter results.

Chipmaker Microchip Technology fell 6.4% after

forecasting fourth-quarter net sales and profit below estimates,

while Fortinet ( FTNT ) advanced 8.6% after the cybersecurity

company forecast its full-year revenue above estimates.