Stock futures traded mixed Monday evening after sliding during the regular trading day, as a bevy of concerns out of China and in Washington spurred a steep selloff across risk assets. Traders also turned their attention to the start of the Federal Reserve's latest two-day monetary policy-setting meeting.

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Contracts on the S&P 500 added to losses after the blue-chip index logged its worst day since May by the end of Monday's session. Dow and Nasdaq futures traded little changed. Earlier, the Dow recovered losses of more than 900 points, or 2.8%, to close lower by about 1.8%. The Nasdaq shed more than 2%.

Fears of a financial contagion that could ensue if China's largest real estate developer China Evergrande defaults under its massive debt burden served as one major point of concern for investors, triggering a global equity rout that put the S&P 500 on track for its third straight weekly decline . This built on worries from earlier this month as Wall Street pundits revised down economic and profit growth expectations for the remaining months of the year.