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The Australian stock market is trimming its early losses in mid-market moves on Friday, following the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is falling below the 8,950 level, with weakness in gold miners and financial stocks partially offset by gains in energy and technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 30.70 points or 0.44 percent to 8,924.30, after hitting a low of 8,902.40 earlier. The broader All Ordinaries Index is down 27.80 points or 0.30 percent to 9,145.80. Australian stocks closed modestly lower on Thursday.<\/p>\n Among major miners, Rio Tinto and BHP Group are edging down 0.3 to 0.4 percent each, while Mineral Resources is surging more than 5 percent and Fortescue is gaining almost 1 percent.<\/p>\n Oil stocks are mostly higher. Woodside Energy and Santos are gaining almost 1 percent each, while Beach energy is edging up 0.2 percent. Origin Energy is edging down 0.5 percent.<\/p>\n Among tech stocks, Afterpay-owner Block and Xero are gaining more than 1 percent each, while WiseTech Global is adding almost 1 percent, Appen is advancing almost 2 percent and Zip is soaring almost 12 percent after the consumer lender it upgraded its guidance for the full-year 2026 following the strong third quarter.<\/p>\n Among the big four banks, National Australia Bank and Commonwealth Bank are losing almost 1 percent each, while Westpac is declining more than 1 percent and ANZ Banking is edging down 0.4 percent.<\/p>\n Gold miners are mostly lower. Northern Star Resources is declining more than 1 percent, Evolution Mining is losing more than 3 percent, Newmont is edging up 0.1 percent and Resolute Mining is down more than 1 percent, while Genesis Minerals is gaining more than 1 percent.<\/p>\n In the currency market, the Aussie dollar is trading at $0.716 on Friday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n