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Dow Jones Futures: Market Rally Masks Growth Woes; Roku, NET Stock Lead Earnings Movers As Fed Warns Asset Prices 'Vulnerable'

Posted Date: May 07 2021
Dow Jones futures rose modestly Friday morning, along with S&P 500 futures and Nasdaq futures, ahead of the April jobs report. On Thursday, the major indexes rose while growth stocks continued to lag. Amid another rush of earnings from Cloudflare (NET), Roku stock and more, the Federal Reserve late Thursday said that many asset prices are "elevated" and "vulnerable to significant declines."
 
The stock market rally showed gains across the major indexes Thursday, closing near session highs. The Dow Jones hit a record high while the Nasdaq rebounded for slim gains after tumbling below key levels intraday.
 
A big catalyst: German Chancellor Angela Merkel opposed President Biden's call to waive intellectual property rights for coronavirus vaccines from the likes of Moderna (MRNA) and partners Pfizer (PFE) and BioNTech (BNTX).

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