Equal-weighted version of S&P 500 outperforms as market heads toward closing bell (2024)

Follow all the action in markets with the S&P 500 near a new record high.

Equal-weighted version of S&P 500 outperforms as market heads toward closing bell

The S&P 500 Equal Weighted index was up 0.5% heading toward the closing bell, beating out a 0.1% gain for the widely-followed S&P 500 index, which is a capitalization-weighted gauge of U.S. large-cap stocks. The cap-weighted S&P 500 is heavily exposed to the technology sector.

Nearly all of the S&P 500’s 11 sectors were rising on Tuesday afternoon, with only tech and communications posting losses, according to FactSet data at last check. The best-performing sectors heading toward the closing bell were materials and real estate.

So far this year, however, the tech and communication-services sectors are fueling the S&P 500's gains.

The S&P 500 has climbed around 3.7% this year based on Tuesday afternoon trading, while the equal-weighted version of the index remained down 0.2% year to date, according to FactSet data.

Meanwhile, the Dow Jones Industrial Average was gaining 0.2% in late-afternoon trading Tuesday, while the tech-heavy Nasdaq Composite was down 0.1%, FactSet data show at last check.