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Block's stock jumps 7% post addition to S&P 500, signaling fintech's mainstream growth.
Block, a digital payments company formerly known as Square, saw its stock rise 7% after being added to the S&P 500 index.
This inclusion highlights the growth and mainstream acceptance of fintech companies in the US, which have disrupted traditional banking.
Block offers a range of services including point-of-sale systems, peer-to-peer transfers, and bitcoin services, reflecting the sector's innovation and profitability.
The move also follows increased momentum in crypto payments, with a recent law establishing a framework for stablecoins.
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Las acciones de Block saltan un 7% después de la adición al S&P 500, lo que señala el crecimiento general de la fintech.