Shares of PayPal (NASDAQ:PYPL) dropped nearly 10% this morning todaythe sharpest slide in nearly six monthsafter the company reported a slowdown in branded checkout volume and flagged weaker U.S.

PYPL shares slide 7% despite a Q2 earnings beat and raised EPS guidance, weighed down by falling transactions.

Investors waded through a slew of quarterly reports and economic data during a big week for both.   The S&P was last -0.1% in afternoon trade. The gauge has been on a torrid run, notching record highs ...