Araverus Team|Tuesday, February 3, 2026 at 4:01 PM
Araverus Team
Feb 3, 2026 · 4:01 PM
CEO Change · PayPal Earnings · Stock Drop
PayPal's shares dropped over 17% after reporting fourth-quarter earnings that missed expectations, alongside the announcement of a leadership change with Enrique Lores set to replace Alex Chriss as CEO.
Newell Brands reported lower fourth-quarter sales after previously saying that its price hikes were drawing resistance from customers.
The S&P and Nasdaq dropped, while the Dow settled slightly higher, amid a flood of earnings results.
