The SPDR Portfolio S&P 500 ETF (SPLG) closed at $71.16, up 0.51% from its previous close of $70.80, as of 16:20 on Thursday, January 30. The S&P 500 Index, which SPLG tracks, rose 0.53% to 6,071.17, buoyed by strong consumer spending and resilient employment data, despite geopolitical tensions from President Trump's announcement of 25% tariffs on Canada and Mexico. These tariffs have injected uncertainty into the markets, particularly affecting sectors like US automakers due to potential disruptions in cross-border trade. However, the US economy's underlying strength, with consumer spending advancing at a 4.2% pace and weekly jobless claims below estimates, suggests continued growth, potentially leading the Federal Reserve to maintain its current interest rate levels. Additionally, the market digested a slew of corporate earnings, with notable performances from tech giants like Meta and IBM, which reported better-than-expected results, further supporting the index's upward movement.