The Consumer Staples Select Sector Index is a stock market index that tracks the performance of companies in the consumer staples sector. This sector includes businesses that produce essential goods, such as food, beverages, household products, and personal care items. These companies tend to be more stable during economic downturns, as their products are always in demand. The index is part of the broader S&P 500 and is designed to provide investors with a way to invest specifically in consumer staples. It includes well-known companies like Procter & Gamble, Coca-Cola, and PepsiCo, making it a popular choice for those seeking stability and consistent returns.