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The Australian stock market is trading slightly higher on Friday, reversing some of the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P\/ASX 200 is moving above the 8,750 level, with gains in mining and energy stocks partially offset weakness in technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 3.60 points or 0.04 percent to 8,752.30, after touching a high of 8,774.50 earlier. The broader All Ordinaries Index is up 1.30 points or 0.02 percent to 8,952.90. Australian stocks closed notably lower on Thursday.<\/p>\n Among major miners, Rio Tinto is adding more than 2 percent, while Mineral Resources, Fortescue and BHP Group are gaining more than 1 percent each.<\/p>\n Oil stocks are mostly higher. Beach energy is gaining almost 2 percent, Origin Energy is edging up 0.2 percent, Woodside Energy is adding almost 1 percent and Santos is up more than 1 percent.<\/p>\n Among tech stocks, Afterpay and Square-owner Block and Zip are losing almost 1 percent each, while WiseTech Global is declining almost 4 percent, Appen is slipping more than 2 percent and Xero is down more than 1 percent.<\/p>\n Among the big four banks, Commonwealth Bank and National Australia Bank are edging down 0.1 to 0.4 percent each, while ANZ Banking is gaining almost 1 percent. Westpac is flat.<\/p>\n Gold miners are mostly higher. Northern Star Resources is up almost 2 percent, Evolution Mining is gaining more than 2 percent, Genesis Minerals is rising more than 3 percent, Newmont is advancing almost 3 percent and Resolute Mining is jumping almost 4 percent.<\/p>\n In the currency market, the Aussie dollar is trading at $0.690 on Friday.<\/p>\n On Wall Street, stocks turned in a mixed performance on Thursday with investors digesting a slew of crucial economic data and some corporate news, including earnings update from Micron. The focus is also on reports about the ongoing U.S.-Iran peace efforts.<\/p>\n The Dow added 71.72 points or 0.14 percent to finish at 51,920.62, while the NASDAQ slumped 118.03 points or 0.46 percent to end at 25,358.60 and the S&P 500 dipped 0.73 points or 0.01 percent to close at 7,357.49.<\/p>\n Meanwhile, the major European markets<\/span> moved to the upside on the day. The UK’s FTSE 100 gained 0.65 percent, Germany’s DAX moved up 1.03 percent and France’s CAC 40 ended 0.55 percent higher.<\/p>\n Crude oil prices jumped on Thursday as supply disruption threats reappeared after a projectile hit a cargo ship near Oman across the Strait of Hormuz. West Texas Intermediate crude for August delivery was up $1.49 or 2.12 percent at $71.83 per barrel. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n