Australian shares are poised to slip. Shares rose in New York, paced by the megacap tech. Apple rallied near 3 per cent on reports it’s preparing for a surge in iPhone 16 orders. Tesla leapt more than 6 per cent.

Microsoft and Amazon each rose at least 2 per cent. The NYSE Fang + Index closed 2.3 per cent higher. Among smaller cap techs, Dell, Zscaler, Broadcom, Crowdstrike and Palantir were all at least 2 per cent higher. However, AMD, Arm, Pinterest and Uber were at least 2 per cent lower.