The Vanguard S&P 500 ETF (VOO) closed at $556.30, up 0.52% from its previous close of $553.41, as the S&P 500 Index rose 0.53% to 6,071.17 on January 30. The market's positive movement was supported by the resilience of the U.S. economy, with consumer spending advancing at a 4.2% pace and weekly jobless claims coming in below estimates, indicating economic stability. This stability suggests that the Federal Reserve might maintain its current interest rate levels, providing a favorable environment for equities. Despite the announcement of 25% tariffs on Canada and Mexico by President Trump, which introduced uncertainty and affected sectors like US automakers, the broader market remained buoyant. The tariffs have led to a strengthening of the US dollar against the Mexican peso and Canadian dollar, impacting trade costs. However, the S&P 500's increase reflects the market's mixed reaction to these geopolitical tensions and the underlying economic strength.