🟢 Wahed FTSE USA Shariah ETF is trading 3.9% up today as tech exposure rebounds after Fed-driven selloff

Wahed FTSE USA Shariah ETF is trading 3.9% higher in pre-market sessions as its significant information technology exposure rebounds alongside a 1.5% gain in NASDAQ futures.

• The recovery follows a Federal Reserve meeting on June 17 where policymakers held rates steady but pressured growth stocks by removing forward guidance and hinting at potential future hikes.
• Overnight market positioning is reversing previous weakness as broader risk sentiment stabilizes following the initial Fed-driven selloff.
• The ETF remains highly sensitive to tech-sector volatility due to its nearly 50% concentration in information technology holdings.