New Delhi, May 1 -- US stock futures were trading with modest gains in Friday's session, 1 May, suggesting a pause in the rally that pushed Wall Street gauges to multiple record highs throughout April, with technology stocks doing the heavy lifting.

Futures tied to the S&P 500 gained 0.4%, while those linked to the Nasdaq-100 were flat. Dow Jones Industrial Average futures were down 0.3%.

Today's muted moves came after a record-setting trading session, with the S&P 500 closing above the 7,200 mark for the first time to hit a fresh peak of 7,219, while the tech-heavy Nasdaq Composite rose to another all-time high of 27,488.

Alphabet led the way, rallying 10% after the owner of Google and YouTube reported quarterly profit that nearly dou...