Block Secures S&P 500 Spot Post Chevron-Hess Mega-Merger—Wall Street Finally Wakes Up?
Wall Street's old guard gets a crypto-infused reality check as Block storms into the S&P 500.
The Chevron-Hess merger completion clears the path—proving even dinosaurs can evolve (when forced).
Active verbs only: The move shakes up traditional indices, bypasses legacy gatekeepers, and cuts through bureaucratic red tape.
Bonus jab: Goldman analysts reportedly needed three Excel crashes before understanding the blockchain implications.
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Being added to the S&P 500 is expected to elevate Block’s visibility among institutional investors, especially those managing passive index-tracking funds. Historically, inclusion in the index often results in higher trading volume and can drive positive momentum for the stock.
S&P Dow Jones Indices is the world’s largest provider of index-based data and benchmarks, known for key financial indicators like the S&P 500 and the Dow Jones Industrial Average.
