Block Inc. (XYZ) Jumps 7% on S&P 500 Inclusion

We recently published 10 Resilient Stocks Defying Market Sentiment. Block, Inc. (NYSE:XYZ) is one of Monday’s biggest gainers.

Block Inc. rallied for a fourth straight day on Monday, adding 7.22 percent to close at $78.08 apiece as investor sentiment was bolstered by its inclusion in the S&P 500 index.

Effective Wednesday, July 23, Block, Inc. (NYSE:XYZ) will begin as a component of the S&P 500 index, replacing energy company Hess Corp. following its $55 billion merger with oil giant Chevron.

Companies added to market indices during the latest rebalancing activities usually pop higher as index-tracking funds are required to add them to their portfolios.

Additionally, getting included in a market index is typically considered a milestone for listed companies as it bolsters their visibility among institutional and retail investors.

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Based on its historical earnings reporting dates, Block, Inc. (NYSE:XYZ) will announce the results of its second quarter performance in the first week of August 2025.

According to Block, Inc. (NYSE:XYZ), it expects gross profit for the second quarter of the year to grow by 9.5 percent year-on-year to $2.45 billion.