Dow Jones fell 300 points while the S&P 500 and Nasdaq also dipped in trading Monday morning, with one day left in what has been a record year for the U.S. stock market.

U.S. equity futures edged lower in early Monday trading as investor pared risk into the final two trading day of the year amid elevated Treasury bond yields and interest rate risks. Stocks ended sharply lower on Friday,

U.S. stocks looked set to fall in thin trading on Monday, as lingering concerns about elevated interest rates and the government’s mounting debt burden spoiled any chance of an end-of-year party for markets.