🔴 Wahed FTSE USA Shariah ETF is trading 1.5% down today as hotter May CPI and tech weakness pressure growth stocks

Wahed FTSE USA Shariah ETF is trading at $69.21 (-1.50%) as hotter-than-expected inflation data and broad weakness in information technology weigh on growth-oriented valuations.

• May CPI at 4.2% has pressured interest rate-cut expectations, leading to a risk-off tone across the NASDAQ and major U.S. indexes.
• Significant selling in NVIDIA and other AI-linked names is reinforcing sector-wide declines, directly impacting the fund's heavy technology exposure.
• The move tracks a broader market retreat as investors price in tighter Fed expectations following the inflation surprise.