Dow futures gain slightly after the three major averages notched a second day of losses

PayPal rises on earnings, share buyback announcementPayPal shares soared by more than 11% after hours. The payments company beat analysts’ earnings and revenue estimates for the second quarter and issued upbeat full-year guidance. PayPal also announced a $15 billion share repurchasing program.Stock buybacks provide a way for companies to boost their per-share earnings and enhance …

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