Wahed FTSE USA Shariah ETF is trading 1.6% up today as the information technology sector—which makes up nearly half of the fund's holdings—rebounds amid easing geopolitical risks.
- The tech-heavy Nasdaq Composite is trending higher after Iran signaled an end to current missile strikes on Israel, providing relief to growth-oriented sectors.
- Semiconductors are leading the rally, with Marvell surging on its S&P 500 inclusion and Broadcom bouncing back from a sharp sell-off.
- The recovery is lifting AI-focused and growth names that dominate the ETF's tech allocation as market volatility subsides.