The ProShares UltraPro S&P 500 ETF (UPRO) closed at $86.36 on January 14, 2025, up 0.29% as the S&P 500 index gained momentum following cooler-than-expected producer price index (PPI) data. The PPI rose by 0.2% in December, below the anticipated 0.4%, alleviating fears of accelerated inflation and potential Federal Reserve rate hikes. This data, coupled with expectations of a gradual approach to trade tariffs by the incoming Trump administration, has bolstered investor confidence, particularly in the tech sector, with stocks like Nvidia and Palantir seeing pre-market gains. The market's focus now shifts to the consumer price index (CPI) report, which will provide further insights into inflation trends and the Fed's policy direction.