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Shares of Jack Dorsey’s Block Jump 8.5% on S&P 500 Inclusion

2025-07-19 16:53:03

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Payments firm Block (XYZ) will be added to the S&P 500 index on July 23, replacing Hess Corp following the oil company’s acquisition by Chevron. The news sent Block’s shares soaring 8.5% in after-hours trading. After closing Friday’s session up 2.95%. Inclusion in the index means Block shares will appear in portfolios run by mutual funds and institutional managers following the S&P 500, the stock market’s benchmark index. Earlier this year, Coinbase (COIN) became the first cryptocurrency firm to...

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