(Refiles to fix spelling of Dynegy in 5th paragraph)
* Investors pause to book profits after four-week rally
* JPMorgan cuts view on Wal-Mart Q2 earnings per share
* Fluor earnings on tap; Dynegy reports quarterly loss
* Futures down; S&P 0.38 pct, Dow 0.3 pct, Nasdaq 0.65 pct
NEW YORK, Aug 10 (Reuters) - U.S. stock index futures slipped on Monday as investors paused to book profits after a sharp four-week run-up.
* U.S. stocks rallied on Friday, pushing the Standard & Poor's 500 Index to a 10-month high as a better-than-expected July jobs report underpinned hopes that the economy was on the cusp of a recovery. The broad index is now up about 50 percent from its 12-year closing low in early March.
* European stocks were lower, under pressure from banking and commodity stocks including Daimler, Total, Barclays PLC and Rio Tinto PLC.
* Consumer-dependent retailers, one of the biggest gainers on Friday, could see the tide turn after JPMorgan Chase & Co cut its second-quarter earnings forecast for Wal-Mart Stores Inc by 2 cents to 84 cents a share. The retail-giant, still rated overweight by JPMorgan, is set to report its quarterly results on Thursday.
* Corporate results on tap for Monday include Fluor Corp. Dynegy Inc reported second-quarter loss, hurt by lower realized prices.
* On the economic front, the U.S. employment trends index for July is due for release at 10:00 a.m. (1400 GMT).
* S&P 500 index futures were down 3.9 points, and below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 32 points, while Nasdaq 100 futures shed 10.5 points.
* For the week, the Dow ended up 2.2 percent, the S&P 500 up 2.3 percent and the Nasdaq up 1.1 percent.