🟢 Wahed FTSE USA Shariah ETF is trading 5.5% up today as tech rebounds on easing geopolitical tensions

Wahed FTSE USA Shariah ETF is trading 5.5% higher today, reflecting a sharp recovery in the U.S. information technology sector and a broader lift in risk appetite as Middle East tensions ease.

• The ETF's significant move is driven by its nearly 50% portfolio weight in tech and semiconductor stocks, which have seen a strong bounce in Nasdaq futures following the June 8 market lows.
• Despite a chip-led selloff in Asian markets, U.S. tech futures remain resilient, supported by overnight strength in the semiconductor space and improving global sentiment.