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The Australian stock market is extending its early losses in mid-market moves on Friday, adding to the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P\/ASX 200 is falling to near the 8,750 level, with weakness in mining, financial and technology<\/span> stocks partially offset by gains in energy stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 37.50 points or 0.43 percent to 8,755.90, after hitting a low of 8,736.90 earlier. The broader All Ordinaries Index is down 45.40 points or 0.50 percent to 8,978.80. Australian stocks closed notably lower on Thursday.<\/p>\n Among major miners, Rio Tinto is losing more than 1 percent, Fortescue is tumbling more than 4 percent, BHP Group is declining almost 1 percent and Mineral Resources is edging down 0.1 percent.<\/p>\n Oil stocks are mostly higher. Woodside Energy and Origin Energy are advancing almost 2 percent each, while Beach energy is gaining almost 1 percent and Santos is adding more than 1 percent.<\/p>\n Among tech stocks, Afterpay-owner Block and Xero are losing more than 2 percent each, while WiseTech Global is slipping almost 3 percent, Appen is declining more than 4 percent and Zip is edging down 0.2 percent.<\/p>\n Among the big four banks, National Australia Bank and ANZ Banking are edging down 0.1 to 0.2 percent each, while Westpac and Commonwealth Bank are losing almost 1 percent each.<\/p>\n Gold miners are mostly lower. Northern Star Resources is declining more than 3 percent, Genesis Minerals is slipping more than 4 percent, Evolution Mining is losing almost 2 percent and Resolute Mining is down almost 1 percent, while Newmont is gaining almost 1 percent.<\/p>\n In other news, shares in IGO are tumbling almost 10 percent after the critical minerals miner cut back guidance on spodumene production from its Greenbushes operation.<\/p>\n In the currency market, the Aussie dollar is trading at $0.712 on Friday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n