(Bloomberg) -- Investors are having a change of heart about U.S. consumer stocks, a sign their optimism about Americans’ discretionary spending remains intact even after a January selloff.

The Consumer Discretionary Select Sector SPDR Fund -- made up of Amazon.com, Walt Disney and 82 other companies -- has outpaced the SPDR S&P 500 ETF by 2.3 percentage points since Feb. 3. That follows four weeks when this exchange-traded fund lagged behind the broader market by 3.3 percentage points.

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