The SPDR Portfolio S&P 500 ETF (SPLG) closed on January 3rd at $69.63, up 1.25%, as the S&P 500 index rose 1.26% to 5942.47, driven by a rally in technology stocks and relief from political stability in the U.S. House. Nvidia led the tech sector with a 4% gain, contributing to the broader market's recovery from a five-day losing streak. The re-election of the U.S. House speaker provided a sense of political stability, which, along with strong performances from major tech companies like Tesla and Microsoft, bolstered investor confidence. Despite a challenging start to the year, all 11 sectors of the S&P 500 posted gains, with consumer discretionary and technology stocks rising 1.7% and 1.5%, respectively. The market's positive momentum was further supported by robust manufacturing data, which tempered expectations for aggressive Federal Reserve rate cuts.