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The S&P 500 is getting another shakeup, this time with the addition of Block Inc.
S&P Dow Jones Indices, which determines membership of the benchmark index
SPX, said after the close of Friday trading that Block XYZ will soon be joining the ranks of S&P 500 components. The change will be effective before Wednesday’s open — with Block taking the spot vacated by Hess Corp., which was just acquired by oil giant Chevron Corp. CVX after a lengthy dispute with rival Exxon Mobil Corp. XOM
This post was originally published on Market Watch
