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The Australian stock market is trimming its early gains in mid-market trading on Wednesday, but extends the gains in the previous session, with the benchmark S&P\/ASX 200 staying well above the 7,900 level, following the mixed cues from Wall Street overnight, with gains in financial and some technology<\/span> stocks partially offset by weakness in mining and energy stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 17.40 points or 0.22 percent to 7,942.60, after touching a high of 7,978.40 earlier. The broader All Ordinaries Index is up 15.20 points or 0.19 percent to 8,142.10. Australian stocks ended significantly higher on Tuesday.<\/p>\n Among major miners, BHP Group and Rio Tinto are declining almost 2 percent each, while Mineral Resources is losing 1.5 percent and Fortescue Metals is down more than 1 percent.<\/p>\n Oil stocks are mostly lower. Woodside Energy is losing more than 1 percent, Santos is edging down 0.2 percent and Beach energy is declining more than 1 percent, while Origin Energy is edging up 0.4 percent.<\/p>\n In the tech space, Afterpay owner Block is gaining almost 2 percent and WiseTech Global is adding more than 1 percent, while Appen is declining almost 2 percent, Xero is edging down 0.4 percent and Zip is sliding more than 8 percent.<\/p>\n Among the big four banks, Commonwealth Bank and ANZ Banking are edging up 0.5 percent each, while National Australia Bank and Westpac are gaining almost 1 percent each.<\/p>\n Among gold miners, Evolution Mining is edging down 0.4 percent, Newmont is losing more than 1 percent, Resolute Mining is declining almost 2 percent and Northern Star Resources is down almost 1 percent, while Gold Road Resources is gaining more than 1 percent.<\/p>\n In the currency market, the Aussie dollar is trading at $0.630 on Wednesday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n