Stocks fell Tuesday as traders struggled to recover from sharp losses suffered in the previous session and looked ahead to more economic data.
The Dow Jones Industrials fought its way into positive territory 1.02 points, to conclude Tuesday at 33,850.45.
The S&P 500 sagged 6.51 points to 3,957.43.
The NASDAQ dropped 65.72 points to 10,983.78.
Recent data from Salesforce suggests that Apple Pay is successfully winning over consumers and taking share away from PayPal, which is one of its longstanding competitors, Deutsche Bank says.
The findings show that Apple Pay grew 52% in November on a year-over-year basis, and 59% in the U.S. alone, even though it accounts for just 5% of global e-commerce purchases, wrote analyst Bryan Keane in a note to clients Monday.
At the same time, usage of PayPal, which makes up 16% of e-commerce purchases worldwide, slipped 8% year over year and 4% on that same … Read more