By Shreyashi Sanyal

(Reuters) – U.S. Stock Index Futures fell Monday due to weakening sentiment in Asia, Europe, and worries about China Evergrande. Tesla shares (NASDAQ:), however, rose following the announcement of a record-breaking number of electric car deliveries.

After data from last week showing increased consumer spending and accelerated factory activity, investors were also closely monitoring the U.S. Treasury yields. This could lead to the Federal Reserve tightening their accommodative policy earlier than anticipated.

Wall Street’s major indexes suffered in September from worries over the U.S. debt limit, fate of an infrastructure spending bill, and meltdown at China Evergrande Group, which is heavily indebted.

Markets were unnerved by Monday’s halt to trading in Evergrande shares, a debt-laden company.

Also, markets awaited U.S. president Joe Biden’s plan on China trade strategy. U.S. trade representative Katherine Tai scheduled for talks with Beijing later that day to discuss Beijing’s breach of promises under a Phase 1 trade deal it had with Donald Trump.

At 6:49 am. ET were down by 114 points or 0.33%. They were also down 16.25 points or 0.37% and down 73.75 point, or 0.5%.

Premarket trading for Tesla Inc rose 2.8% after the company delivered record-breaking electric cars during its third quarter. This beat Wall Street’s estimates.

Merck & Co gained 3.1% after developing an experimental antiviral pill that could halve the chances of dying or being hospitalized for those most at risk of contracting severe COVID-19.

3M Co shares fell 1.5% following J.P. Morgan’s reduction of its stock rating to “neutral” (from “overweight”)