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The Australian market is trimming early losses in mid-market moves on Thursday, reversing some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is falling to near the 8,950 level, with weakness in mining and technology<\/span> stocks nearly offset by gains in energy and financial stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 1.20 points or 0.01 percent to 8,950.60, after hitting a low of 8,904.90 earlier. The broader All Ordinaries Index is down 15.20 points or 0.17 percent to 9,150.50. Australian stocks ended sharply higher on Wednesday.<\/p>\n Among major miners, Rio Tinto and Mineral Resources are declining more than 2 percent each, while Fortescue is down almost 2 percent and BHP Group is losing more than 1 percent.<\/p>\n Oil stocks are mostly higher. Beach energy and Origin Energy are gaining more than 1 percent each, while Santos is adding more than 2 percent and Woodside Energy is advancing almost 3 percent.<\/p>\n In the tech space, Afterpay owner Block losing more than 3 percent, Zip is tumbling almost 7 percent and Appen is declining almost 3 percent, while WiseTech Global and Xero are slipping more than 5 percent each.<\/p>\n Among the big four banks, Westpac is gaining almost 1 percent and National Australia Bank is adding more than 1 percent, while Commonwealth Bank and ANZ Banking are edging up 0.4 to 0.5 percent each.<\/p>\n Among gold miners, Newmont is declining more than 3 percent, Northern Star Resources is down almost 2 percent and Genesis Minerals is slipping more than 4 percent, while Evolution Mining and Resolute Mining are losing almost 3 percent each. <\/p>\n In other news, shares in Orora are tumbling more than 15 percent after the company slashed its FY26 EBIT guidance for its Saverglass division due to the ongoing Middle East conflict.<\/p>\n In the currency market, the Aussie dollar is trading at $0.704 on Thursday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n