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Stock indexes climb after Amazon OpenAI deal dollar up slightly
Equities rose on Amazon-OpenAI deal; stronger dollar points to cautious rate-cut outlook from Fed.
Global stock markets rose following news that Amazon.com will supply cloud-services to OpenAI in a multi-year deal worth billions, boosting technology-related shares. At the same time, the US dollar strengthened near a three-month high as investors scaled back expectations for imminent Fed rate cuts. The move highlighted the interplay between corporate tech deals and macro outlook. Market participants will now watch upcoming inflation data and Fed commentary for signs of further direction.