Wahed FTSE USA Shariah ETF is trading 7% higher in pre-market sessions as its tech-heavy portfolio benefits from a broad rebound in U.S. equity futures.
- Information technology and communication services—which make up nearly two-thirds of the fund's weight—are catching a bid alongside stronger S&P 500 and Nasdaq futures.
- Investors are rotating back into growth and AI-linked names as the market prepares for the release of key U.S. PPI inflation data.