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The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is moving above the 8,750 level, with gains across all sectors led by mining, energy and technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 88.60 points or 1.02 percent to 8,752.30, after touching a high of 8,764.20 earlier. The broader All Ordinaries Index is up 90.70 points or 1.12 percent to 9,012.70. Australian stocks closed slightly higher on Monday.<\/p>\n Among the major miners, Rio Tinto and BHP Group are gaining almost 1 percent each, while Mineral Resources is advancing almost 5 percent and Fortescue is edging up 0.5 percent.<\/p>\n Oil stocks are mostly higher. Origin Energy is gaining almost 2 percent, Woodside Energy is adding more than 1 percent and Beach energy is advancing almost 3 percent, while Santos is edging down 0.1 percent.<\/p>\n Among tech stocks, Afterpay owner Block is advancing more than 3 percent, Zip is surging more than 6 percent and WiseTech Global is adding almost 2 percent, while Xero is gaining more than 1 percent. Appen is flat.<\/p>\n Gold miners are mostly higher. Gold Road Resources is adding almost 1 percent, Newmont is advancing more than 4 percent, Evolution Mining is up almost 1 percent and Northern Star resources is gaining more than 2 percent, while Resolute Mining is losing more than 2 percent.<\/p>\n Among the big four banks, National Australia Bank and ANZ Banking are gaining more than 1 percent each, while Commonwealth Bank is gaining almost 1 percent and Westpac is edging up 0.5 percent.<\/p>\n In other news, shares in Credit Corp are soaring more than 20 percent on upbeat full-year results, driven by a sharp recovery in US debt collections and strong earnings growth in its consumer lending business<\/span>.<\/p>\n Shares in Austal are jumping almost 6 percent after it finalised its agreement with the federal government to become the country’s sovereign defence shipbuilder.<\/p>\n Shares in Reckon are soaring more than 14 percent after the tech firm upbeat half-yearly results, driven by the acquisition of Cashflow Manager. The company also declared a fully franked dividend.<\/p>\n Shares in Electro Optic Systems are skyrocketing more than 33 percent after the defence and space company announced a major A$125 million contract win from a European NATO Member State. It secured its first export order for a drone defence capability based on a new type of high-power laser.<\/p>\n Meanwhile, shares in Telix Pharmaceuticals are plunging more than 12 percent after it flagged higher operating expenses in the first half of the fiscal year.<\/p>\n In economic news, the services sector in Australia continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 54.1. That’s up from 53.8 in June and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.<\/p>\n In the currency market, the Aussie dollar is trading at $0.646 on Tuesday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n