RSP flat because markets are closed; jobs surprise and $110+ oil set Monday tone

RSPRSP

RSP is showing a 0.00% move today because U.S. stock exchanges are closed for Good Friday (April 3, 2026), so the ETF is not trading. The key inputs investors are digesting into Monday’s open are a stronger March jobs report and an oil-price shock tied to the Iran conflict, which can shift rate expectations and market breadth.

1. Why RSP is up 0.00% today

RSP’s lack of movement is mechanical: U.S. equity markets are closed for Good Friday (Friday, April 3, 2026), so the ETF’s last traded price won’t update until the next regular session. What will matter for the next print is how index futures and macro news are repriced into Monday’s cash open (April 6). (apnews.com)

2. What RSP tracks (and what makes it behave differently from SPY)

RSP seeks to track an equal-weighted version of the S&P 500 (each constituent is held at roughly the same weight and periodically rebalanced). That structure reduces “megacap concentration” versus cap-weighted S&P 500 funds, and it typically makes RSP more sensitive to market breadth and the performance of mid/large companies outside the biggest names. (invesco.com)

3. The clearest drivers investors should watch right now

No single RSP-specific headline is dominating today; instead, the near-term driver set is macro. First, the March U.S. jobs report came in stronger than expected (178,000 jobs added; unemployment 4.3%), which can keep yields supported and temper the market’s urgency for near-term Fed easing. Second, oil has surged above $110 amid the Iran war, which raises inflation-risk worries and can shift relative performance across sectors (energy strength vs. pressure on rate-sensitive and consumer areas). Those two forces matter for RSP because equal-weight performance tends to hinge on whether the rally broadens beyond a handful of leaders as rates and inflation expectations move. (apnews.com)