The SPDR S&P 500 ETF (SPY) closed up 0.41% at $604.22 on February 5, as the S&P 500 Index rose 0.39% to 6,061.48, buoyed by investor optimism despite ongoing trade tensions and mixed earnings reports. The market's resilience was evident as it navigated the latest tariff developments, with the U.S. imposing a 10% levy on Chinese imports and China retaliating with duties of up to 15% on select American products. Despite these tensions, the S&P 500 remains just 1.5% below its intraday record high set on January 24. Investors are also closely monitoring the Federal Reserve's rate cut outlook, which remains uncertain amid the trade policy back-and-forth. Meanwhile, notable gains in technology stocks like Nvidia, which surged over 5% following positive developments in its AI data center platform, contributed to the index's upward momentum. Johnson Controls International also led gains within the S&P 500, rising over 12% after reporting strong earnings and announcing a new CEO.