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The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing some of 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 8,950 level, with gains in iron ore miners and technology<\/span> stocks partially offset by weakness in gold miners, financial and energy stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 51.10 points or 0.57 percent to 8,977.10, after touching a high of 9,021.50 earlier. The broader All Ordinaries Index is up 58.60 points or 0.64 percent to 9,172.00. Australian stocks ended slightly lower on Monday. <\/p>\n Among the major miners, BHP Group is gaining almost 3 percent and Fortescue is up almost 1 percent, while Mineral Resources and Rio Tinto are adding almost 2 percent each.<\/p>\n Oil stocks are weak. Woodside Energy is losing almost 1 percent, Santos is down more than 1 percent and Origin Energy is edging down 0.2 percent, while Beach energy is edging up 0.4 percent.<\/p>\n Among tech stocks, Afterpay owner Block is gaining more than 5 percent, Xero is adding almost 6 percent, Zip is advancing more than 2 percent, WiseTech Global is surging more than 6 percent and Appen is jumping almost 5 percent.<\/p>\n Gold miners are mostly lower. Evolution Mining is losing almost 1 percent and Northern Star resources is edging down 0.1 percent, while Genesis Minerals and Newmont are declining more than 1 percent each. Resolute Mining is flat.<\/p>\n Among the big four banks, Westpac is declining almost 4 percent, while National Australia Bank and ANZ Banking are losing more than 1 percent each. Commonwealth Bank is flat.<\/p>\n In the currency market, the Aussie dollar is trading at $0.709 on Tuesday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n