Reported about 16 hours ago
Block's shares jumped nearly 10% after being announced as the replacement for Hess in the S&P 500 Index, effective next Wednesday. This update follows Chevron's acquisition of Hess and marks the second major shift to the index this week, as The Trade Desk also joined after Ansys was acquired. Inclusion in the S&P 500 index typically boosts stock performance due to increased buying from tracking funds.
Source: YAHOO