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* Futures: Dow up 0.09%, S&P 500 up 0.06%, Nasdaq down

0.15%

May 1 (Reuters) - S&P 500 and Dow futures ticked higher

on Friday, after the indexes posted their biggest monthly gain

in years, as a string of strong earnings offset concerns around

a historic supply shock in oil markets.

Apple ( AAPL ) rose 2.8% in the premarket session after

robust demand for its flagship iPhone 17 and the MacBook Neo

helped it forecast solid sales growth for the fiscal third

quarter.

The latest data showed U.S. economic growth regained speed

in the first quarter and inflation accelerated in March,

strengthening the case for elevated interest rates, but that did

little to slow down the rally in equities.

However, the buying frenzy may be due for a reality check.

Consumer spending, the economy's main growth engine, decelerated

in the quarter. The personal savings rate also declined,

suggesting consumers had to tap into their savings to support

spending.

Besides, the figures take into account just one month of the

disruption stemming from the Middle East war. With the conflict

showing few signs of abating, oil prices may become a bigger

burden on households, especially as the support from tax refunds

in the first quarter tapers off.

Brent crude prices have hit over $110 a barrel as

the crucial shipping route through the Strait of Hormuz remains

disrupted.

"GDP expanded at a respectable-looking pace in Q1, but a

glance under the hood suggests the economy's underlying momentum

already was anemic before the energy shock was felt in earnest,"

said Samuel Tombs, chief U.S. economist at Pantheon

Macroeconomics.

The setup comes at an inconvenient time for bulls as markets

enter May, historically the start of a weaker six-month stretch

for stocks.

Since 1945 through April 2026, the S&P 500 has gained an

average of about 2% from May through October, according to data

from Fidelity. That compares with a roughly 7% average gain from

November through April.

At 5:12 a.m. ET, Dow E-minis were up 44 points, or

0.09%, and S&P 500 E-minis rose 4.5 points, or 0.06%.

Nasdaq 100 E-minis dropped 40.25 points, or 0.15%.

The S&P 500 ended April with its biggest monthly

percentage gain since November 2020, while the Nasdaq Composite

advanced the most since April 2020. The Dow's monthly

advance was its biggest since November 2024.

Major movers in the premarket session included Roblox ( RBLX )

, which fell 23.5% following a cut in its annual

bookings forecast.

Reddit ( RDDT ) gained 16.1% after an upbeat quarterly

revenue forecast.

(Reporting by Niket Nishant in Bengaluru; Editing by Devika

Syamnath)