The equal-weight S&P 500 ETF (RSP) rose 4.95% in October while SPY fell 0.91%, a 5.85-point gap that was the widest monthly margin for RSP since April 2009. The split was driven by technology, which makes up about 37% of the index's market value: XLK fell 8.30%, while the consumer staples ETF XLP rose 10.94%. The divergence continued on November 2, with RSP up 0.76% and SPY down 0.48%. The article says NVIDIA's report on November 17 will be a key test, since a strong result could pull money back into large AI stocks. As of November 2, RSP remained below its record close of $222.77 on August 14.
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Related tickers and likely impact
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 752.10 |
| Change that session | -0.48% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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