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US markets dip; Datadog partners with Amazon AWS; Walgreens fell 2.9% on rising labour costs.

  • The Nasdaq fell 0.13% to close Thursday’s session at 15,081 points.
  • Datadog announced a new global strategic partnership with Amazon’s AWS.
  • Walgreens fell 2.9% after releasing Q1 results & warning of rising labour costs.

The US markets continued trending lower on Thursday as investors continued to weigh up the possibility of the Fed raising interest rates sooner than expected.

The Dow Jones fell 0.47% to finish the trading day down 171 points to close at 36,236.47 points.

The tech heavy NASDAQ fell 0.13% to finish the trading day down 19 points to close at 15,081 points.

One bitcoin is worth US$43,150 going into the Asian trading day.

The Australian dollar is stronger against the major currencies and is buying 71.62 US cents.

SaaS-based monitoring and analytics platform Datadog shares dipped 1.12% yesterday despite announcing a new partnership with Amazon’s AWS cloud division. Under the deal, Datadog and AWS have committed to develop and deliver tighter product alignment in future, as well as focus on observability and security within the AWS environments.

Shares in US pharmaceutical giant Walgreens Boots Alliance fell 2.9% on Thursday after the company released strong first-quarter results but warned of rising labour costs. For the quarter, Walgreens beat analysts’ expectations on both top and bottom lines with an adjusted EPS of US$1.68/share, sales from continuing operations up 7.8% to US$33.9bn, and an operating income from continuing operations of US$1.3bn. Walgreens shares dipped after the company spoke of rising labour costs to meet demand for vaccine administration and filling prescriptions.

And former US President Donald Trump’s new social media platform ‘Truth Social’ is expected to launch via Apple’s app store on February 21.

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