Trading results for 10 February 2025

One day up, the next day down. There is movement, but in reality, the market is standing still, currently hovering around levels seen two months ago. On Monday, market participants, after a small sell-off on Friday, decided to reverse the trend and spent the entire day eagerly buying.

This was particularly evident in the energy and technology sectors. Oil stocks were in high demand following a nearly 3% rebound in oil prices. In the tech sector, investors aggressively bought last week's battered semiconductor stocks, primarily shares of Nvidia (NVDA, +2.87%), Micron Technology (MU, +3.93%) and Broadcom (AVGO, +4.52%), along with AI-related software companies such as Oracle (ORCL, +2.56%), Adobe (ADBE, +4.16%) and, of course, Palantir Technologies (PLTR, +5.23%).

As a result, all major U.S. indexes showed solid growth, ranging from +0.38% for the Dow Jones Industrial Average (DJIA-30) to nearly +0.98% for the tech-heavy NASDAQ Composite.

However, the ITS World Index (ITSW) outperformed them all, surging +1.37% and closing at a record-high 1,287 points. This impressive rise was largely driven by Israeli software company Monday.com Ltd. (MNDY, +26.46%), which skyrocketed after posting stellar quarterly earnings. Chinese tech stocks also attracted strong investor interest, with Alibaba (BABA, +7.55%), Baidu (BIDU, +5.07%) and JD.com (JD, +4.98%) leading the way. Only after them, in terms of daily returns, came the U.S. big tech giants, which also made a significant contribution to the ITSW index’s growth.

As for the ITS Shariah Index (ITSS), things were calmer, with the index rising a modest 0.81% for the day. However, this "modest" gain still outperformed the Dow Jones and S&P 500 (+0.67%). The key contributors to ITSS’s gains were, once again, Broadcom, Adobe and Nvidia. Thanks to strong portfolio diversification, ITSS managed to deliver a better performance than the S&P 500.

Overall, Monday was a relatively calm and optimistic trading day – despite the fact that the issue of new tariffs from President Trump is only beginning to unfold and could bring further volatility and uncertainty to the market.