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The Australian market is extending early losses in mid-market moves on Thursday, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P\/ASX 200 is falling below the 8,550 level, with weakness in gold miners, energy and technology<\/span> stocks partially offset by gains in iron ore miners.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 12.50 points or 0.15 percent to 8,546.70, after hitting a low of 8,533.00 earlier. The broader All Ordinaries Index is down 10.80 points or 0.12 percent to 8,769.10. Australian stocks ended slightly higher on Wednesday. <\/p>\n Among major miners, Rio Tinto and Fortescue Metals are edging up 0.3 percent each, while Mineral Resources is gaining almost 5 percent. BHP Group is flat.<\/p>\n Oil stocks are mostly lower. Origin Energy is losing almost 1 percent, while Beach energy and Woodside Energy are edging down 0.2 to 0.3 percent each. Santos is gaining almost 1 percent<\/p>\n In the tech space, WiseTech Global and Zip are edging down 0.2 to 0.4 percent each, while Afterpay owner Block is losing more than 1 percent and Xero is tumbling more than 5 percent after the software giant agreed to a $3.9 billion acquisition of American accounting and invoicing platform Melio Payments. Appen is adding almost 3 percent.<\/p>\n Among the big four banks, Westpac and National Australia Bank are edging down 0.2 to 0.4 percent each, while ANZ Banking is gaining more than 1 percent and Commonwealth Bank is edging up 0.1 percent.<\/p>\n Among gold miners, Northern Star Resources is declining almost 3 percent, Evolution Mining is losing more than 2 percent, Gold Road Resources is down more than 1 percent and Newmont is edging down 0.3 percent, while Resolute Mining is gaining more than 1 percent.<\/p>\n In the currency market, the Aussie dollar is trading at $0.652 on Thursday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n