The ProShares UltraPro S&P 500 ETF (UPRO) closed at $97.84 on January 24, 2025, down 0.94% as the S&P 500 index faced pressure from mixed economic data and corporate earnings reports. The S&P 500 pulled back towards the 6100 level, influenced by a surprising decline in the Services PMI from 56.8 to 52.8, which weighed on the Composite PMI, pulling it down to 52.4. This unexpected drop in service sector activity overshadowed the slight improvement in Manufacturing PMI, which rose to 50.1. Additionally, the University of Michigan’s consumer sentiment index fell to 71.1, reflecting growing consumer caution. Despite rising inflation expectations, Treasury yields moved lower, failing to provide support to equities. The technology sector, a significant component of the S&P 500, also struggled, with Texas Instruments dropping 7.55% due to a disappointing Q1 profit forecast.