Australian shares are poised to open lower on Tuesday, after Wall Street stocks finished with the markets boosted by tech stocks.Wall Street stocks rebounded on Monday as investors eyed earnings weekASX SPI 200 futures were down by 0.5 per cent, to 7,350, by 6:49am AEST.In New York, the Dow Jones index fell 0.2 per cent, the benchmark S&P 500 gained 0.3 per cent, while the Nasdaq rose 0.7 per cent.
"There is some weak data out of China, which is concerning on a global basis, and then market participants came into this earnings with a very pessimistic view but banks dramatically exceeded expectations," Great Hill Capital managing member Thomas Hayes said. Tesla was up 3.5 per cent ahead of its earnings report this week. Other megacap technology companies on the rise included Facebook, up 3 per cent, Microsoft Corporation, up 0.9 per cent, and Amazon.com, up 0.8 per cent. Apple climbed 1.3 per cent.
Disney fell 3 per cent after Barclays downgraded the media giant's stock to "equal weight" from "overweight".