▸ Wall Street extends record-breaking streak despite visa fears for Big Tech
▸ Treasury bonds experience modest selling as traders await Fed commentary
▸ Dollar retreats against rivals and European stocks edge downwards
Wall Street stocks extended a recordbreaking streak yesterday despite warnings that President Donald Trump's new visa rule change could hit big US technology companies.
The president announced late on Friday that he planned to raise the application fee for a H-1B foreign worker visa to $100,000.
Tech companies in Silicon Valley — whose surging share prices have carried US stock markets to new highs in recent years — have typically relied heavily on the visa to hire skilled engineers, scientists and coders from overseas.
Wall Street's blue-chip S&P 500 index was up 0.1 per cent by lunchtime in New York while the tech-heavy Nasdaq Composite index had risen 0.2 per cent.
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