PayPal pressured by bitcoin losses
The S&P 500 (-0.29%) and Nasdaq Composite (-1.28%) are near afternoon highs at this juncture, albeit in a solidly lower fashion.S&P 500 constituents Leidos (LDOS 93.04, -10.76, -10.37%), Discovery (DISCA 51.77, -3.52, -6.37%), and PayPal (PYPL 261.11, -12.74, -4.65%) pepper the bottom of the standings. LDOS falls following earnings, DISCA gives back the lion's share of yesterday's earnings-related advance, and PYPL continues to roll off last week's all-time highs owing in part to another slide lower in bitcoin prices.Conversely, Nevada-based casino giant Wynn Resorts (WYNN 134.11, +7.36, +5.81%) sits near the top of the index; aiding today's advance in Macau casino names is news that the region has reportedly returned to quarantine-free travel from mainland China.