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Chris Harvey, head of equity strategy at Wells Fargo, explains why he stuck with his year-end target that sees the S&P 500 rallying past 7,000. -------- More on Bloomberg Television and Markets Like this video?
A rare warning signal just reappeared in the market — and the last time it showed up, the S&P 500 index plunged more than 20% in a matter of weeks.
Block Inc. XYZ is gearing up for a major milestone. The fintech company is set to join the S&P 500 index ahead of trading on Wednesday, July 23.
Tech giant Block Inc (NYSE:XYZ) is charging 9% higher to trade at $79.21 at last glance, after news broke late last week it will be joining the S&P 500 Index (SPX) before the bell on Wednesday.
Growth stocks can be expensive, but if you are trying to be aggressive with a portion of your investment portfolio, you often have to pay a premium for the privilege.
The three major US indices all look as if they are trying to find a way higher in the early hours of Monday. At this point, the markets are all obviously bullish, and therefore it's a situation where people are looking for dips as buying opportunities.
Tech billionaire Jack Dorsey-led Block's shares rose nearly 10% before the bell on Monday after the payments firm was added to the benchmark S&P 500 , marking a milestone for the fintech sector.
The expected Q2 '25 EPS and revenue growth rates actually bottomed around the Memorial Day weekend, rather than the week of every quarter as is the typical pattern. While only 59 companies have reported Q2 '25 results so far, (23 of the 59 companies reported are financial sector companies), the upside surprise is +7.2%, and the biggest upside surprise is financials at +10%. Expect another decent quarter, although with the new August 1 deadline for tariffs, maybe the anxiety and angst now shift to the 3rd quarter of '25. Or maybe tariffs shouldn't have been a concern to begin with.
Robinhood misses out on S&P 500 inclusion once again, as Square parent company is chosen to replace Hess.
Block is joining the S&P 500, replacing Hess as of July 23. Hess is exiting the index upon its acquisition by Chevron.