Block, Inc. Class A Common Stock (XYZ)

Block Inc. is gearing up for a major milestone that is expected to trigger significant buying pressure from index funds.

Jack Dorsey's Block enters S&P 500, causing ripple effects for ETFs like SPY and VOO. Its fintech presence appeals to investors.

Block Inc (NYSE:XYZ) shares are trading higher Monday after the company was selected to join the S&P 500.

Block, Inc. (NYSE:XYZ) shares are soaring in overnight trading on Sunday ahead of the S&P 500 debut of the Jack Dorsey-founded fintech company.

The Square parent will join the benchmark index before Wednesday's open.

The stock was a pandemic darling, but investors have endured several years of miserable performance since it all came apart.

On Thursday, Cathie Wood-led Ark Invest made significant trades involving Tempus AI Inc. (NASDAQ:TEM), Coinbase Global Inc. (NASDAQ:COIN), Robinhood Markets Inc. (NASDAQ

On Wednesday, the Cathie Wood-led Ark Invest made a significant move by purchasing a substantial number of shares in Tempus AI Inc. (NASDAQ:TEM) and selling shares of Block Inc. (NYSE:XYZ).

Twitter (Now X) co-founder and Block Inc. (NYSE: XYZ) CEO, Jack Dorsey, has launched a beta version of a new decentralized messaging service, Bitchat, that operates entirely over Bluetooth.