Stock futures fell early Tuesday as traders kept an eye on negotiations for additional fiscal stimulus while the U.S. coronavirus caseload continues to rise.
Futures for the Dow Jones Industrials Index slumped 124 points, or 0.4%, at 29,933.
Futures for the S&P 500 slipped 18 points, or 0.5%, at 3,672.75.
Futures for the NASDAQ Composite slid 41.75 points, or 0.3%, to 12,554.25.
Shares of Tesla declined from a record after the electric vehicle maker said it would sell up to $5 billion in stock.
Republican and Democratic leaders said Monday that Congress is trying to extend government funding for an additional week to try and strike a deal on new COVID-19 aid. The news came after a bipartisan group of senators unveiled a $908-billion stimulus proposal last week.
Calls for a new aid bill being pushed through before year-end have grown recently as U.S. employment growth continues to slow down and the number of COVID-19 cases keeps rising.
More than 14.8 million coronavirus cases have been confirmed in the U.S., according to data from Johns Hopkins University. The country's daily infection rate, as a seven-day average, is also at an all-time high.
Overseas, in Japan, the Nikkei 225 sank 0.3% Tuesday, while in Hong Kong, the Hang Seng index fell 0.8%.
Oil prices gave back 28 cents to $45.48 U.S. a barrel.
Gold prices jumped $3.60 to $1,869.60 U.S.