The S&P 500 Consumer Services Index is a stock market index that tracks the performance of companies in the consumer services sector within the S&P 500. This sector includes businesses that provide services directly to consumers, such as retail, media, and hospitality. Investors use this index to gauge the health of consumer spending and overall economic conditions. A strong performance in the index often indicates increased consumer confidence, while a decline may suggest economic challenges. The index is a key component for those analyzing trends in the U.S. economy.