Wall Street's Historic Rally Faces Visa Policy Challenges

U.S. stock index futures saw a slight decline on Monday, following Wall Street's triumphant rally to record highs. The dip comes amidst uncertainty regarding President Donald Trump's visa policies, which have sparked apprehension within the market.

The tech-driven rally saw the S&P 500 and Nasdaq achieve their third consecutive session of gains, yet potential policy changes threaten sectors dependent on skilled foreign workers. President Trump's administration recently announced a proposed fee increase for H-1B visas, raising concerns among major tech firms like Microsoft and Amazon.

Market optimism was bolstered by expectations of a Federal Reserve interest rate cut, further fueled by rekindled enthusiasm for AI-linked trading stocks. Analysts forecast increased costs for companies due to the visa fee hike, with a trickle-down effect likely impacting clients.

(With inputs from agencies.)