Spiders (SPDR)

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Definition of 'Spiders (SPDR)'

Spiders (SPDR) is an acronym for Standard & Poor's Depositary Receipts. SPDRs are exchange-traded funds (ETFs) that track the performance of specific indexes. The most popular SPDR is the SPDR S&P 500 ETF (SPY), which tracks the performance of the S&P 500 Index.

SPDRs are a popular investment vehicle for a variety of reasons. They are relatively inexpensive to buy and sell, they offer diversification, and they are easy to trade. SPDRs are also liquid, which means that they can be easily bought and sold without significantly impacting the price.

There are a number of different SPDRs available, each of which tracks a different index. Some of the most popular SPDRs include:

* The SPDR S&P 500 ETF (SPY)
* The SPDR Dow Jones Industrial Average ETF (DIA)
* The SPDR Nasdaq 100 ETF (QQQ)
* The SPDR Russell 2000 ETF (IWM)

SPDRs can be purchased through a brokerage account. When you buy a SPDR, you are buying a share of an ETF that tracks the performance of a specific index. This means that your investment will go up and down in value based on the performance of the index that the ETF tracks.

SPDRs are a good investment for investors who are looking for a way to diversify their portfolios and who want to track the performance of specific indexes. They are also a good option for investors who are looking for a relatively inexpensive and liquid investment vehicle.

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