The iShares Core S&P 500 ETF (IVV) closed at $600.26, up 0.95% from the previous close, as the S&P 500 Index rose 1% to 5,996.66 on January 17, 2025. This upward movement was largely driven by cooler-than-expected inflation data, which bolstered investor confidence and contributed to Wall Street's best week since November. The latest CFTC Commitments of Traders report highlighted a bullish sentiment in the equities market, with significant purchases of SPX futures indicating optimism about U.S. equities. This sentiment was further supported by short-covering in the VIX, reflecting diminishing expectations for market volatility. Additionally, the U.S. equity funds saw substantial inflows of $13.0 billion, underscoring strong investor interest in the market.