The carnage has been widespread on the stock market in 2022, but tech investors have been hit especially hard. The Nasdaq Composite has declined over 30% this year compared to a 9% drop in the Dow Jones Industrial Average and a 20% slump in the broader S&P 500. With that idea in mind, let's look at some good reasons to buy Netflix (NASDAQ: NFLX) and Microsoft (NASDAQ: MSFT) stocks even if they've already made it into your portfolio. Read More...
Reuters
Fed reverse repo facility hits record $2.554 trillion
A key facility the Federal Reserve uses to help control short-term interest rates saw record inflows on Friday, the final trading day of the year. The New York Fed said that its reverse repo facility took in $2.554 trillion in cash from money market funds and other eligible financial firms, besting the prior high water mark seen on Sept. 30, when inflows totaled $2.426 trillion. On those dates, for a variety of reasons, many financial firms prefer to park cash at the central bank rather than in private markets.
