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Block surges 10% as it joins the S&P 500 index
Fintech firm Block will be added to the S&P 500 on July 23, marking a milestone in its evolution from payments startup to index heavyweight.
In response to the news, Block shares jumped over 10% in extended trading, reflecting investor confidence in its long-term fundamentals.
The addition of Block to the S&P 500, replacing Hess Corp, is a significant development for the company.
Source: cryptobriefing.com
