Datadog Deal Lifts Nasdaq; Tesla Hopes for Record Deliveries

The stock market had a tough September, but it was able to finish the third quarter on a positive note. The Nasdaq Composite (NASDAQINDEX: ^IXIC) managed a gain of around 0.75%, bringing its gains for the past three months to about 11%.

Strategic moves have played an increasingly important role in driving the market higher lately, and instrumental to today's gains was a partnership between Datadog (NASDAQ: DDOG) and Microsoft (NASDAQ: MSFT). Meanwhile, Tesla (NASDAQ: TSLA) investors turned their attention to the usual end-of-quarter rush to deliver as many vehicles as possible.

Datadog launched higher by 12% after announcing its deal with Microsoft. The agreement not only gets a lucrative piece of business for the data analytics specialist but also potentially forestalls what might otherwise be a considerable competitor.

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Source Fool.com