Stock futures fell Monday after the major averages posted their worst week since June and rates rose ahead of the Federal Reserve's two-day meeting this week.
Futures for the Dow Jones Industrials dumped 231 points, or 0.8%, early Monday to 30,691.
Futures for the S&P 500 slumped 31.25 points, or 0.8%, to 3,858.75
Futures for the NASDAQ Composite Index stumbled 106 points, or 0.9%, to 11,827.50.
Investors are coming into the new week focused on the Fed's latest policy meeting, which will begin Tuesday.
The central bank is expected to raise interest rates by another three-quarters of a point, though investors are also watching for guidance about corporate earnings before the next reporting season begins in October.
There are also a handful of corporate earnings on deck, including Costco, Darden Restaurants, General Mills and Lennar.
In Hong Kong, the Hang Seng gave back 1%, while markets in Japan were closed for holiday.
Oil prices retreated $1.92 to $83.19 U.S. a barrel.
Gold prices fell $12.30 to $1,671.20 U.S. an ounce.