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Barchart
Wajeeh Khan

Block Is Joining the S&P 500 Index. Should You Buy XYZ Stock Now?

Block (XYZ) shares rallied as much as 8% on Monday following news the financial technology company will join the S&P 500 Index ($SPX) on July 23. 

Founded by Jack Dorsey in 2009, the New York Stock Exchange-listed firm will replace Hess in the benchmark index after Chevron (CVX) completed its $53 billion acquisition of the global independent energy firm on July 18. 

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