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The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is moving above the 8,600 level, with gains across most sectors led by technology<\/span> and financial stocks. Iron ore miners were the only weak spot.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 37.60 points or 0.44 percent to 8,608.00, after touching a high of 8,632.60 earlier. The broader All Ordinaries Index is up 36.60 points or 0.42 percent to 8,851.90. Australian stocks closed slightly lower on Monday.<\/p>\n Among the major miners, BHP Group, Fortescue Metals and Rio Tinto are all losing almost 1 percent each. Mineral Resources is edging up 0.1 percent.<\/p>\n Oil stocks are mostly higher. Woodside Energy and Santos are gaining almost 1 percent each, while Origin Energy is adding almost 2 percent and Beach energy is edging up 0.4 percent.<\/p>\n Among tech stocks, Afterpay owner Block is surging almost 6 percent, Appen is advancing more than 5 percent, Zip is adding almost 3 percent, Xero is up more than 1 percent and WiseTech Global is gaining almost 2 percent.<\/p>\n Gold miners are mostly higher. Gold Road Resources is gaining almost 1 percent and Northern Star resources is adding 1.5 percent, while Newmont and Evolution Mining are edging up 0.4 percent each. Resolute Mining is losing more than 3 percent.<\/p>\n Among the big four banks, ANZ Banking, Commonwealth Bank, National Australia Bank and Westpac are edging up 0.1 to 0.4 percent each.<\/p>\n In other news, shares in Tyro Payments are tumbling almost 5 percent after the Reserve Bank announced it would ban surcharges on all debit and credit transactions under the eftpos, Mastercard and Visa networks in a bid to overhaul the payments system.<\/p>\n In the currency market, the Aussie dollar is trading at $0.655 on Tuesday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n