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*
U.S. employment gains likely slowed in January to 190,000 jobs
from 292,000 jobs in December as the boost to hiring from
unseasonably mild weather faded. The data is expected at 8:30
a.m. ET.
* U.S. equities have been tracking oil prices since the start of
the year.
* Oil prices, which were up about 1 percent, have been extremely
volatile this year, and this week in particular, as a slump in
the dollar <.DXY> and potential talks on output cuts clashed
with reports of record inventories.
* Stocks have had a rough start to 2016, hurt by tepid U.S.
growth, falling oil prices and concern that the world faces a
China-led slowdown. Investors are also worried about the pace of
rate hikes by the U.S. central bank.
* However, after a weak sentiment report on Wednesday and dovish
comments from Fed officials, traders are pricing in no hikes
this year, down from a call for four increases.
* That reflects growing concern the world is heading back into
recession and a weak jobs report will only add to those
concerns.
* Adding to the list of concerns, fourth-quarter S&P 500
earnings are expected to have fallen 4.2 percent from a year
earlier, according to Thomson Reuters data.
* LinkedIn slumped 30.3 percent to $133.99 in premarket trading,
a day after the company's forecast missed estimates.
* Symantec was up 9.5 percent at $21 after the anti virus
software maker said Silver Lake Partners had invested $500
million in the company.
* Tableau Software was down 38.9 percent at $49.90 after the
company's key growth barometer missed estimates.
Futures snapshot at 7:09 a.m. ET:
* Dow e-minis were up 20 points, or 0.12 percent, with 29,336
contracts changing hands.
* S&P 500 e-minis were up 1.25 points, or 0.07 percent,
with 147,816 contracts traded.
* Nasdaq 100 e-minis were up 5 points, or 0.12 percent, on
volume of 23,633 contracts.
(Reporting by Tanya Agrawal; Editing by Don Sebastian)
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