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The Australian stock market is trimming its early losses in mid-market trading on Monday, extending the losses in the previous two sessions, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P\/ASX 200 index is falling to near the 8,900.00 level, with weakness in iron ore miners and energy nearly offset by gains in gold miners and technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 5.50 points or 0.06 percent to 8,941.40, after hitting a low of 8,898.40 earlier. The broader All Ordinaries Index is down 2.40 points or 0.03 percent to 9,166.30. Australian stocks closed slightly lower on Friday. <\/p>\n Among the major miners, Rio Tinto and BHP Group are losing almost 1 percent each, while Fortescue and Mineral Resources are declining more than 1 percent each.<\/p>\n Oil stocks are mostly lower. Beach energy, Santos and Origin Energy are losing almost 2 percent each, while Woodside Energy is declining almost 3 percent.<\/p>\n Among tech stocks, Afterpay owner Block is gaining more than 2 percent, Zip is jumping more than 10 percent and Xero is edging up 0.3 percent, while WiseTech Global is edging down 0.2 percent and Appen is losing almost 1 percent.<\/p>\n Gold miners are mostly higher. Northern Star Resources is gaining almost 1 percent, Resolute Mining is up more than 1 percent and Evolution Mining is advancing almost 2 percent, while Genesis Minerals and Newmont are adding more than 2 percent each.<\/p>\n Among the big four banks, Commonwealth Bank is gaining almost 1 percent and Westpac is edging up 0.2 percent, while National Australia Bank is declining more than 3 percent and ANZ Banking is losing almost 1 percent.<\/p>\n In the currency market, the Aussie dollar is trading at $0.715 on Monday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n