Futures down on Evergrande troubles; Tesla rises after record deliveries

Published by
Reuters

By Shreyashi Sanyal (Reuters) – U.S. stock index futures ticked lower on Monday, drawing from weakening sentiment in Asia and Europe on worries about property developer China Evergrande, while Tesla shares rose after reporting a record number of electric vehicle deliveries. Investors also kept close watch on rising U.S. Treasury yields after data last week showed increased consumer spending, accelerated factory activity and elevated inflation growth, which could help push the Federal Reserve towards tightening its accommodative monetary policy sooner than expected. Wall Street’s main indexes w…

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