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The Australian stock market is trimming its early gains in mid-market moves on Friday, reversing the slight losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is moving above the 8,600 level, with gains in financial and technology<\/span> stocks partially offset by weakness in mining stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 8.10 points or 0.09 percent to 8,603.90, after touching a high of 8,616.80 earlier. The broader All Ordinaries Index is up 10.20 points or 0.12 percent to 8,843.80. Australian stocks closed slightly lower on Thursday.<\/p>\n Among major miners, BHP Group and Rio Tinto are losing almost 2 percent each, while Mineral Resources is gaining almost 1 percent and Fortescue Metals is edging up 0.1 percent.<\/p>\n Oil stocks are mostly lower. Santos is edging down 0.1 percent and Beach energy is losing almost 1 percent, while Origin Energy is gaining more than 1 percent. Woodside Energy is flat.<\/p>\n Among tech stocks, Afterpay-owner Block is losing almost 1 percent, while WiseTech Global is gaining more than 1 percent, Appen is surging more than 7 percent and Xero is adding almost 2 percent. Zip is flat.<\/p>\n Among the big four banks, National Australia Bank and Westpac are edging up 0.4 percent each, while ANZ Banking is gaining almost 1 percent. Commonwealth Bank is losing almost 1 percent.<\/p>\n Gold miners are mostly lower. Evolution Mining, Resolute Mining and Northern Star Resources are losing more than 1 percent each, while Gold Road Resources is edging down 0.2 percent. Newmont is gaining almost 1 percent. <\/p>\n In other news, shares in Silk Logistics are skyrocketing more than 22 percent after the ACCC announced it would not oppose DP World Australia’s $174 million takeover of the national container services provider.<\/p>\n In the currency market, the Aussie dollar is trading at $0.657 on Friday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n