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Technology stocks still were narrowly lower Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) slipping 0.1% while the Philadelphia Semiconductor Index was dropping 0.3%.
In company news, Braze (BRZE) slipped 5.8% after a UBS downgrade of the stock to neutral from buy with the price target cut $5 to $35.
Blend Labs (BLND) tumbled 35% after the software firm reported a larger non-GAAP Q4 net loss than analysts were projecting, and revenue also trailed Wall Street forecasts.
ACI Worldwide (ACIW) gained 4.5% following a Bloomberg report overnight the software firm is discussing a potential buyout with private-equity investors Motive Partners, which has been trying to obtain financing for the deal, according to unnamed sources.
Baidu (BIDU) added 6.3% after the company said it received a permit to deploy 10 of its driverless Apollo Go ride-hailing vehicles in the Beijing Yizhuang Economic Development Zone in China.
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