Closing Bell Movers: Agilysys jumps 14% on Q4 beat and strong guide

With earnings season mostly in the rearview mirror outside of Nvidia’s (NVDA) Q1 results this week, the macro component has returned to dominate the market narrative, and the global “rate shock” is clearly weighing on sentiment.  US 10-year Treasury Note yield closed above 4.6% for the first time since early 2025 and the 30-year reached 5.15% – both up by over 50 basis points from late February just before the start of the Iran war – as markets continue to fret over stagflation backdrop, sending major indices in the red for much of the day. 

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Similar to Friday, Monday’s notable rotation away from the AI disruption trade continued as Semiconductors were largely lower while Software names saw some notable dip-buying.  Names like Cognizant (CTSH), ServiceNow (NOW), and EPAM Systems (EPAM) were among the leaders in the S&P 500. In turn, the AI infrastructure buildout “winners” like Micron (MU) and Sandisk (SNDK) were among the 10 weakest stocks in the benchmark.

In the opening hour of the evening session, U.S. equity futures are modestly higher, with traders responding to the latest Truth Social post from President Trump announcing a delay to resumption of strikes by US military on Iranian infrastructure with hopes for a deal that addresses Tehran’s nuclear ambitions.  S&P e-minis and Nasdaq 100 contracts are up about 0.2% while July WTI Crude Oil is down 2% below $102.50 per barrel.

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER EARNINGS –

• Agilysys (AGYS) up 13.6%

ALSO HIGHER –

• Penguin Solutions (PENG) up 3.5% after naming David Heard, President of Network Infrastructure at Nokia, to Board
• Nomad Foods (NOMD) up 1.6% after insider buy

DOWN AFTER EARNINGS – 

• XP Inc. (XP) down 5.1%
• Bally’s Corporation (BALY) down 2.5%
• Yalla Group (YALA) down 2.5%

ALSO LOWER –

• Compugen (CGEN) down 3.5% after equity offering