US stocks plunge in choppy trading

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Global equity markets tumbled, pointing to heavy losses on the ASX, with the S&P 500 poised to enter correction territory. Follow updates here.

As stocks extend their slide Monday following one of the worst weeks for global shares since the start of the pandemic, Victoria Fernandez is eyeing a sale in several pockets of the equity market.

Fernandez will be focusing on pullbacks in cyclical and value stocks, and said she already added to her position in Lowe’s Companies on Friday, which has fallen 14 per cent year-to-date. She also said she likes the financial sector for 2022.

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