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State Street S&P 500 Consumer Discretionary Market Sector SPDR ETF is a passively managed exchange-traded fund that seeks to track the performance of the Consumer Discretionary Select Sector Index. The fund invests primarily in publicly traded U. S. consumer discretionary companies included in the S&P 500 Index, providing exposure to industries such as specialty and broadline retail, automobiles, hotels, restaurants, leisure, apparel, luxury goods, and household durables.