Wahed FTSE USA Shariah ETF is trading 2.9% higher at $72.10 in pre-market action, tracking a broad, tech-driven risk-on move following a tentative U.S.–Iran peace agreement.
- Information technology, which accounts for nearly half of the fund's exposure, is benefiting from a sharp rebound in growth stocks and AI-related names.
- Stronger Nasdaq futures and easing oil prices are providing additional tailwinds for U.S. equities following the geopolitical developments.