Block shares soar 10% on entry into S&P 500
Publishing timestamp: 2025-07-18 21:21:45
Summary
Block is set to join the S&P 500, replacing Hess after its acquisition by Chevron. Despite reporting disappointing quarterly results and issuing a weak forecast, Block's shares jumped over 10% in extended trading. The addition of Block brings more tech presence to the index, reflecting the company's expansion into crypto and financial services.
Sentiment: MIXED
Tickers: CVX, XYZ, HES, SNPS, DDOG, XOM, TTD,
Keywords: block inc, chevron corp, breaking news: markets, synopsys inc, business news, donald trump, breaking news: technology, fintech, hess corp, energy, donald j. trump,
Source: https://www.cnbc.com/2025/07/18/block-shares-soar-on-entry-into-sp-500.html