The SPDR Portfolio S&P 500 ETF (SPLG) closed at $68.48 on January 14, 2025, up 0.1% as the S&P 500 index rose 0.11% to 5,842.91, buoyed by easing inflation concerns and positive market sentiment. The U.S. Producer Price Index (PPI) for December increased by just 0.2%, below the expected 0.4%, alleviating fears of aggressive Federal Reserve rate hikes. This softer inflation data has shifted investor focus to the upcoming Consumer Price Index (CPI) report, which could further influence the Fed's policy direction. Additionally, reports of a potential gradual approach to trade tariffs by the Trump administration have contributed to a more optimistic market outlook. The energy sector, particularly oil and natural gas, has also supported the index, with rising prices bolstering the S&P 500 Energy Index. Tech stocks, including Nvidia and Tesla, have seen gains, further driving the index's upward movement.