GLOBAL MARKETS - Wall St Follows World Stocks Higher Powered by AI, Rate Cut Hopes

GLOBAL MARKET - NEW YORK. U.S. stocks followed their European counterparts higher on Thursday and Treasury yields rose as soft economic data and central bank actions abroad set the stage for a dovish pivot from the Federal Reserve.

The artificial intelligence rally continued to lead the charge, with chipmaker Nvidia - which recently claimed the mantle as the world's most valuable company by market cap - rising 2.5%.