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The Australian stock market is extending its early gains in mid-market trading on Tuesday, also 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 well above the 9,050 level, with gains across most sector led by mining and technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 58.60 points or 0.65 percent to 9,090.50, after touching a high of 9,115.20 earlier. The broader All Ordinaries Index is up 63.30 points or 0.68 percent to 9,387.90. Australian stocks closed modestly higher on Monday.<\/p>\n Among the major miners, BHP Group is gaining more than 2 percent, Mineral Resources is advancing almost 4 percent, Rio Tinto is adding almost 2 percent and Fortescue is up almost 1 percent.<\/p>\n Oil stocks are mostly higher. Origin Energy is adding almost 1 percent, Woodside Energy is gaining more than 1 percent, Santos is edging up 0.5 percent and Beach energy is surging almost 5 percent.<\/p>\n Among tech stocks, Afterpay owner Block is gaining more than 1 percent and WiseTech Global is adding almost 2 percent, while Xero is losing more than 1 percent and Zip is tumbling more than 6 percent. Appen is relatively flat.<\/p>\n Gold miners are mostly higher. Northern Star resources is gaining more than 2 percent, Resolute Mining is edging up 0.2 percent, Evolution Mining is advancing more than 4 percent, Newmont is adding almost 2 percent and Genesis Minerals is up almost 1 percent.<\/p>\n Among the big four banks, Commonwealth Bank and ANZ Banking are gaining almost 1 percent each, while National Australia Bank and Westpac are edging down 0.1 to 0.3 percent each.<\/p>\n In other news, shares in Alcoa are jumping almost 8 percent and Arafura Rare Earths are surging more than 6 percent after a multi-billion deal between the US and Australia to bolster rare earths and critical mineral supplies amidst US-China trade tensions.<\/p>\n In the currency market, the Aussie dollar is trading at $0.652 on Tuesday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n