S&P 500 Drops 2.6% on June 5 Amid Strong Jobs Report
On June 5, the S&P 500 fell 2.6%, marking its worst day since October 2025 due to a stronger-than-expected jobs report and rising bond yields. The decline was heavily influenced by large-cap tech stocks that dominate cap-weighted ETFs like SPY and VOO but had less impact on the equal-weight RSP.
Topics: equal-weight ETFs ETFs market cap weighting S&P 500 stock market volatility