Block Set to Join S&P 500, Sparks Over 10% Stock Surge

Block Inc., the fintech company formerly known as Square, is set to join the S&P 500 index, replacing Hess Corp., which was recently acquired by Chevron. The announcement, made late Friday by S&P Dow Jones Indices, triggered an immediate investor reaction—Block’s shares surged over 10% in after-hours trading, closing at $80.88. This development marks one [...]The post Block Set to Join S&P 500, Sparks Over 10% Stock Surge appeared first on Tekedia.

Read More