NASDAQ:HLIT

Harmonic Rallies 20%, Eyes Turn to Tuesday
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Harmonic Rallies 20%, Eyes Turn to Tuesday

Harmonic Inc. shares jumped 19.7% to $15.20 Friday on heavy volume, outpacing broader markets ahead of the Memorial Day weekend. The surge followed strong Q1 broadband revenue growth and an increased 2026 outlook. Nasdaq will be closed Monday, leaving Tuesday as the next trading test. Harmonic is finalizing its exit from video and faces competition from CommScope and Vecima in broadband infrastructure.
May 24, 2026

Stock Market Today

  • 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.