Tech Stocks on the Move Today: GlobalFoundries, Datadog, and More

Tech stocks lost ground in intraday trading Tuesday, with the S&P 500 Information Technology Sector Index 0.5% lower as of 2:30 p.m. ET, while the broader S&P 500 was little changed and the tech-heavy Nasdaq lost 0.2%. Shares of semiconductor maker GlobalFoundries (GFS) surged following the release of a first-quarter earnings report that beat expectations, while Fidelity National Information Services (FIS) shares also jumped on its strong earnings and guidance. Shares of Datadog (DDOG) sank even though the ...