Invesco S&P 500 Equal Weight ETF

RSP

Market cap $74.3B

Wall Street warns of an AI equity bubble as mega-cap tech surges, prompting investors to diversify into ETFs for balanced growth.

The S&P 500 notched two new record highs this week before experiencing its largest daily loss in six months. The index sank -2.7% on Friday, ultimately leading to a weekly loss of -2.4%.

The economic narrative last week was defined by a striking paradox. On one hand, the government shutdown has created a void in official data, leaving the Federal Reserve effectively “flying blind” as it gauges the health of the labor market and broader economy.

The S&P 500 (^GSPC 0.01%) index is the broad measure that most investors use to track "the market." It is the index that Warren Buffett has recommended investors default to when they invest.

The S&P 500 finished the week on a six-day win streak, notching three consecutive record highs to close out the week. The index ultimately posted a weekly gain of 1.1%, its fourth in the past five weeks.

Last week's economic data presented a sharp contradiction between a resilient U.S. economy and increasingly concerned American households. The S&P 500 fell for most of last week but recovered some of those losses following Friday's inflation report.

The S&P 500 notched a new record high this week but mid-week setbacks led to the index's first weekly loss in almost a month. The index ultimately posted a loss of 0.3% for the week.

The S&P 500 benchmark index is just under an all-time high as of this writing, and has essentially gone straight up since early April's lows. In fact, since that time, the index has gained a staggering 33% in just over five months, as U.S. President Donald Trump's "reciprocal tariff" plan ended up being not nearly as harsh as originally thought once it was implemented.

Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the Invesco S&P 500 Equal Weight ETF (RSP) is a smart beta exchange traded fund launched on 04/24/2003.

The S&P 500 finished the week at a new record high, its 27th of the year. The index posted a weekly gain of 1.2%, marking its sixth in the past seven weeks.