Barclays Analysts Predict Block Inc. May Join S&P 500 Index

Barclays analysts predict that Block Inc., led by Jack Dorsey, may be the next addition to the S&P 500 index. With a solid performance in the first quarter of 2024, including a positive net income of $472 million, SQ stock is seen as a strong contender for inclusion in the index. All eyes are on Block Inc. as the financial world eagerly awaits the S&P 500’s June 7th rebalance.