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Technology stocks closed slightly higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) climbing 0.1%. The Philadelphia Semiconductor Index dropped 1.1%.
In company news, FinVolution Group (FINV) declined 15% after the Chinese fintech company reported lower non-GAAP Q4 earnings and net revenue and said CEO Feng Zhang was stepping down due to personal reasons.
Ebix (EBIX) dropped 11%. The company said Q4 non-GAAP net income and revenue fell from a year earlier.
Aspen Technology (AZPN) fell 6.7%. The industrial software firm said it was selected by an AES (AES) subsidiary in El Salvador to provide digital grid management for the electric utility.
GDS Holdings (GDS) rose 2.3% after the Chinese data-center company reported a Q4 net loss that was narrower than estimated by analysts.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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