Block shares soar 10% on entry into S&P 500
Block is joining the S&P 500, replacing Hess as of July 23.
- Block is joining the S&P 500, replacing Hess as of July 23.
- Hess is exiting the index upon its acquisition by Chevron.
- In May, Block reported disappointing quarterly results and issued a weak forecast due to concerns in the "macro environment."
