Five Things You Need to Know to Start Your Day: Americas

Technology stocks power a global rally, oil pulls back as signs of slowing demand emerge, and China sentiment falters. Here’s what’s moving markets. — Kristine Aquino

A global stock rally powered by tech buoyed S&P 500 futures on Thursday, amid signs of red-hot demand for products related to artificial intelligence. “The demand on it is so great, and everyone wants to be first and everyone wants to be most,” Nvidia CEO Jensen Huang told the audience at a Goldman Sachs technology conference in San Francisco. Risk appetite also re-emerged a day after data that showed US inflation remains in check, setting the stage for a quarter-point interest-rate cut from the Federal Reserve this month.