U.S. stocks opened with the Dow up 0.35%, the S & P 500 up 0.3% and the Nasdaq up 0.28%. Paypal shares rose 8.4%, their biggest gain since November 2022. PayPal previously announced the second quarter of fiscal year 2024 results show that the second quarter of fiscal year 2024 PayPal net income increased by 8% year-on-year to $7.90 billion; transaction profit margin increased by 8% to $3.60 billion. As of June 30, 2024, PayPal's cash, cash equivalents and investments totaled $18.30 billion and total debt was $12.20 billion.