IT stocks muted as US may announce foreign workers' visa restrictions today

"We're going to be announcing something tomorrow or the next day on the visas," Donald Trump said on Saturday.

Shares of most information technology (IT) companies were trading flat with negative bias on Monday as investors turned cautious after the US President Donald Trump said late on Saturday he would announce new restrictions on visas within a couple of days to block the entry of certain foreign workers and protect Americans struggling with a job market devastated by the coronavirus pandemic. 

“We’re going to be announcing something tomorrow or the next day on the visas,” he told Fox News Channel. Asked if there would be exclusions from the new restrictions, Trump said very few. READ MORE