US Edition
Block shares soar 10% on entry into S&P 500
UNITED STATES, JUL 18 – Block Inc. joins the S&P 500, replacing Hess Corp., marking growing acceptance of crypto in finance with its stock rising over 10% after the announcement, analysts say.
- On Wednesday, July 23, 2025, S&P Dow Jones Indices said Block Inc. will join the S&P 500, replacing Hess Corp.
- Beyond payments, Block Inc. has a market cap of about $45 billion and expanded into crypto, lending, and financial services.
- Following the announcement, Block shares surged over 10% in after-hours trading, reflecting index rebalancing by fund managers.
- Ahead of inclusion, passive funds are expected to buy around 101 million shares, Stephens said, boosting Block's visibility, credibility, and liquidity.
- Investors will be watching Block's upcoming earnings after August 7, as the true test will come in its ability to sustain momentum following S&P 500 inclusion.
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115 Articles
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On Monday, Jack Dorsey’s sprawling fintech empire Block became the new kid on the block at the S&P 500, taking a spot left vacant by Hess’s merger with Chevron. Its membership in the elite index comes as the company transitions into an all-in-one finance platform, though its ambitions may belie a slightly more complicated reality. Don’t Be a Square Block has been a rather ubiquitous part of the payments ecosystem for a while now, from powering …
Jack Dorsey's Block, With Over $1 Billion In Bitcoin Holdings, Set To Join S&P 500 — Shares Pop 8% In Overnight Trading - Bit Origin (NASDAQ:BTOG)
Block, Inc. (NYSE:XYZ) shares are soaring in overnight trading on Sunday ahead of the S&P 500 debut of the Jack Dorsey-founded fintech company.
Jack Dorsey-led Block set to join S&P 500 index in new milestone, to replace Hess
The changes will go into effect prior to the start of trading on July 23, according to a press release from S&P Dow Jones Indices Friday. Shares of Block rose as much as 14% in after-hours trading.
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