Trump Weighs In on Immigrant Visa Debate but Offers Little Clarity
Published On Dec 28, 2024, 9:28 PM
President-elect Donald J. Trump recently expressed support for the H-1B visa program, which allows skilled immigrant workers to work in the United States, during an interview. He claims to have frequently utilized this visa in his business ventures. However, recent data indicate that he has mainly employed unskilled workers using H-2B and H-2A visas, raising questions about his actual use and understanding of the H-1B program. Trump's fluctuating positions on work visas have been a topic of controversy, especially considering his past criticisms of the H-1B program as harmful to American workers.
Stock Forecasts
XLK
Positive
The technology sector has responded positively to Trump's endorsement of the H-1B visa program, indicating potential growth for companies that rely on skilled immigrant workers. This increases optimism around tech stocks, particularly those heavily invested in STEM fields.
Related News
Stock market today: Dow, S&P 500, Nasdaq slide as government shutdown looms, inflation data improves but still sticky
Dec 20, 2024, 9:31 AM
Stocks signaled another rough day of trading on Friday after the House of Representatives voted against a Trump-backed spending bill.
Stock market today: Dow, S&P 500, Nasdaq slide as traders trim rate-cut bets
Nov 15, 2024, 10:16 AM
Wall Street is absorbing a jump in retail sales and Jerome Powell's hawkish comments as Trump-fueled optimism starts to wear off.
Tech C.E.O.s Courted Trump Before the Election
Nov 7, 2024, 5:05 AM
The executives of tech’s biggest companies largely ignored Donald Trump before the 2016 election. This time around, they’re far more friendly.