XYZ to Join SPX, Growth Trajectory Remains Biggest Headwind
Schwab Network · Schwab Network
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Show Notes
Block (XYZ) will replace Hess Corp. (HES) in the SPX starting this Wednesday. While the inclusion will likely draw more institutional investors to the fintech company, Marley Kayden points to growth being its biggest headwind. She notes Block's "extreme volatility" and sensitivity to macro conditions serving as key headwinds.
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