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Drilling part of company's continuing plans to drill a total of 18 wells  at the 63,000 acre Kruh Block

Shares of Block NYSE: XYZ have surged after the announcement that the financial technology company will join the prestigious S&P 500 index. This milestone validates the company's evolution from a niche payment innovator to a diversified powerhouse in the financial sector, positioning it among the largest and most influential public companies in the United States.

XYZ's 24.7% stock surge and S&P 500 debut highlight its fintech strength and growing investor confidence.

Block rose 7% Monday after S&P Global said the fintech company will replace Hess in the S&P 500. Passive funds are expected to buy around 101 million shares ahead of inclusion, according to Stephens.

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.

Square's GPV grew 7.2% YoY in Q1-FY25, driving a 9% YoY gross profit increase to $898 million. Cash App gross profit hit $1.38 billion in Q1-FY25, up 10% YoY despite weak discretionary spending. FDIC approval enables Cash App Borrow to scale nationwide, expanding eligibility and improving unit economics through in-house lending.

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.

Block (XYZ) surged 8.5% in extended trading on July 18, 2025, following news of its inclusion in the S&P 500, replacing Hess and drawing investor attention to ETFs like SPYA and DAPP, which are expected to benefit.

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.

Block, owner of Square and Cash App, is preparing to join the S&P 500. That's per a Friday (July 18) report by Bloomberg News, which positions the news as a milestone for Block and a sign of the growing mainstreaming of digital payments and cryptocurrency in the finance world.