Stock ETFs Stall Near Recent Highs as FOMC Approaches March 16, 2021 Stock index ETFs were mixed on Tuesday, with tech stocks and ETFs pushing higher as other sectors languished. Meanwhile, Federal Reserve officials commenced their March meeting. The Dow Jones Industrial Average slipped from its recent highs on Tuesday by about 0.4%, while the S&P 500 added 0.1% to notch a new intraday high, before selling off somewhat. Meanwhile, the Nasdaq Composite led the three key benchmarks, climbing just more than 1%, led by major tech players like Microsoft, Apple, Alphabet, and Facebook. “These are highly profitable businesses with excellent balance sheets,” said Angelo Kourkafas, an investment strategy analyst at Edward Jones. “They could be relative underperformers, but I have hard time, based on the valuations they’re trading at, imagining that they could have a severe or sustained pullback.”