Stocks are slipping on Wall Street Tuesday following some mixed earnings reports. Several beaten-down banks are also dropping more after a brief respite from a brutal run.
The S&P 500 was 0.3% lower in early trading. The Dow Jones Industrial Average was up 25 points, or 0.1%, at 33,644, as of 9:58 a.m. Eastern time, while the Nasdaq composite was 0.4% lower.
Paypal Holdings fell 10.6% despite reporting better profit and revenue for the latest quarter than expected. Analysts pointed to its forecast for how much profit it expects to wring out of each $1 of revenue, which may have disappointed some investors.
