A gauge of the U.S. equities market that equally weights stocks in the S&P 500 index was up again Friday, as the market continued its broad rally this week.
The Invesco S&P 500 Equal Weight ETF was gaining 0.8% Friday, on pace to rise slightly more than 4% this week, according to FactSet data, at last check. The exchange-traded fund was on pace for a bigger weekly gain than the S&P 500, which has a heavy weighting in Big Tech stocks.
The S&P 500 was up a sharp 1.3% on Friday afternoon, on pace to gain slightly more than 3% this week, FactSet data show, at last check.