In the week ending on July 6th, the SPDR S&P 500 ETF Trust (SPY) rose 0.35% while the Invesco S&P 500® Equal Weight ETF (RSP) was down .12%. Overall, the jobs report provides a glimmer of hope that the Federal Reserve's efforts to combat inflation are yielding results. ADP Employment Report The U.S. labor market remains strong as private sector job growth unexpectedly surged in June.