NASDAQ:FRLN

Finance·Investing·NASDAQ:FRLN·News·Stock Market

Franklin Wireless Drops Close to $3; What’s Ahead Next Week

Franklin Wireless closed Friday at $3.03, down 2.1% for the day and 2.3% for the week, after reporting March-quarter sales fell 57% due to a major carrier dropping a key product. Net loss widened to $1.56 million. U.S. stock markets are closed Monday for Memorial Day, with trading to resume Tuesday.

May 24, 2026

ASX 200 Rises on Miners and Banks but 8,800 Resistance Holds
May 29, 2026, 8:37 PM EDT. The ASX 200 index ended the week higher, supported by strong gains in miners and banks alongside declining Australian bond yields. Key contributors included BHP (+2.91%), Newmont (NEM, +3.77%), Fortescue Metals (FMG, +2.43%), Rio Tinto (RIO, +2.43%), Commonwealth Bank (CBA, +2.24%), and Goodman Group (GMG, +2.92%). Miners and gold producers were the main drivers, aided by firmer copper prices and stronger bullion. However, the energy sector lagged as crude oil prices softened, and healthcare stocks like CSL and ResMed (RMD) declined. Market participants remain cautious as the index needs a weekly close above 8,800 points to confirm a sustained recovery.