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The Australian stock market is doubling its early losses in mid-market moves on Friday, snapping a three-session winning streak, following the broadly negative cues from Wall Street overnight. The benchmark S&P\/ASX 200 is falling well below the 9,050 level, with weakness in technology<\/span> stocks and a mixed performance in most other sectors.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 64.60 points or 0.71 percent to 9,003.80, after hitting a low of 8,993.90 earlier. The broader All Ordinaries Index is down 73.80 points or 0.79 percent to 9,302.10. Australian stocks closed significantly higher on Thursday.<\/p>\n Among major miners, Mineral Resources is declining almost 2 percent, Rio Tinto is edging down 0.4 percent and BHP Group is losing more than 1 percent, while Fortescue is edging up 0.5 percent.<\/p>\n Oil stocks are mostly lower. Beach energy and Santos are losing more than 1 percent each, while Woodside Energy is down almost 2 percent. Origin Energy is gaining more than 1 percent.<\/p>\n Among tech stocks, Afterpay-owner Block and Zip are declining more than 2 percent each, while Appen is slipping almost 1 percent, WiseTech Global are down more than 1 percent and Xero is edging down 0.1 percent.<\/p>\n Among the big four banks, ANZ Banking, National Australia Bank and Westpac are losing almost 1 percent each, while Commonwealth Bank is flat.<\/p>\n Gold miners are mostly higher. Northern Star Resources and Evolution Mining are advancing almost 2 percent each, while Newmont is surging almost 3 percent. Resolute Mining is edging down 0.3 percent and Genesis Minerals is losing almost 3 percent.<\/p>\n In other news, shares in EROAD plummeting almost 37 percent after the New Zealand transport software business<\/span> flagged an up to NZ$150 million impairment due to challenging conditions in the US market and cutting earnings guidance.<\/p>\n Shares in Vulcan Energy are tumbling almost 8 percent despite striking a partnership deal with JordProxa to provide technology and equipment for its Phase One Lionheart lithium project in Germany.<\/p>\n In the currency market, the Aussie dollar is trading at $0.648 on Friday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n