A shift in leadership is taking shape in the U.S. stock market. Here’s where investors can find fresh opportunities.

Also, the Dow Jones Industrial Average DJIA, known for including an assortment of mostly value-oriented names, was up 2.9% on the year through Tuesday’s close — its best performance during the first three days of a calendar year since 2003, according to Dow Jones Market Data.Since Oct. 31, the Invesco S&P 500 Equal Weight ETF RSP, which tracks a version of the S&P 500 that accords equal influence to shares of each member company, has outperformed the SPDR S&P 500 ETF Trust SPY, which tracks the traditional ...