Dow Futures Drop as Inflation Data Looms

U.S. stock indexes opened lower as investors awaited key inflation data and weighed signs of a slower-than-expected recovery in China. PayPal fell roughly 10% after reporting earnings late Monday. Quarterly reports also drove big selloffs for the electric-vehicle makers Lucid and Fisker, while the data company Palantir surged. Oil prices dropped after Chinese trade data disappointed, indicating the world's second largest economy is revving back up at a more muted pace than expected. Tomorrow, investors will get the latest reading on inflation when the monthly consumer-price index is released.