On January 27, 2025, the S&P 500 Equal Weight index ($RSP) experienced a decline of 0.4% during early trading, while the cap-weighted S&P 500 ETF ($SPY) fell by 1.8%. The S&P 500 value index initially opened slightly higher, up 0.3%, but the equal-weighted index later showed a decline of 0.1%. Despite the downturn in major indices, the Dow Jones Industrial Average turned positive, gaining more than 200 points, with 19 of its components trading higher. In contrast, the tech sector continued to face selling pressure, impacting the S&P 500 advance/decline line, which was up by 145 at one point. The equal-weighted S&P 500 is reportedly having its second-best performance against the SPX since 2020, according to Goldman Sachs.