Most major stock indexes climbed on Monday following news that Amazon .com will supply cloud-computing services to OpenAI , and the dollar rose to a three-month high versus the euro due to waning expectations for hefty U.S. interest rate cuts. The Federal Reserve last week eased rates as expected, but Chair Jerome Powell said another cut in December was “not a foregone conclusion,” contrary to some investors’ view that it was essentially a done deal. Fed officials on Monday continued to give conflicting views on where the economy stands and the risks facing it, a debate set to intensify as the ongoing U.S. government shutdown prevents the release of official data. Traders are pricing in a roughly 70% chance of a 25 basis point cut in December, down from about 94% a week ago.

The multi

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