1. Block Inc. (XYZ) will replace Hess Corp. (HES) in the S&P 500 on July 23. 2. Chevron Corp. (CVX) has acquired Hess Corp, effective July 18. 3. Block's addition to the S&P 500 signifies enhanced investor visibility. 4. The inclusion may attract new investments into Block Inc. 5. S&P 500 index changes can lead to significant price fluctuations.
Historically, stocks added to the S&P 500 see price appreciation, boosting investor confidence.
S&P 500 inclusion often correlates with substantial price increases and visibility.
The impact is immediate due to increased buying activity from index funds.
Block Inc. (NYSE: XYZ) will replace Hess Corp. (NYSE: HES) in the S&P 500 effective prior to the opening of trading on Wednesday, July 23. S&P 500 and S&P 100 constituent Chevron Corp. (NYSE: CVX) has acquired Hess Corp in a deal that closed today, July 18.
| Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
|---|---|---|---|---|---|
| July 23, 2025 | S&P 500 | Addition | Block | XYZ | Financials |
| July 23, 2025 | S&P 500 | Deletion | Hess | HES | Energy |
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