U.S. equities were up at midday, with the Nasdaq and S&P 500 both trading at record highs, as consumer inflation rose less than anticipated in July. A report that Gildan Activewear has made a nearly $5 billion bid for Hanesbrands sent shares of the undergarment maker soaring. Celanese warned about demand for the rest of the year. Shares of On Holding jumped after the high-end sneaker maker backed by tennis great Roger Federer reported better-than-anticipated results and raised its outlook as its direct-to-consumer (DTC) sales grew. A big increase in circulation of Circle Internet Group's USDC stablecoin boosted the cryptocurrency firm's adjusted earnings and revenue, sending shares higher. Cardinal Health shares slid when the healthcare provider missed revenue estimates and announced it was buying Solaris Health for $1.9 billion to expand its reach in urology. Shares of BigBear.ai plunged after the artificial intelligence data analytics firm cut its revenue guidance and withdrew its profit outlook on concerns about changes in government contracts, especially by the Army. Celanese shares dropped when the chemical manufacturer warned of soft demand for the rest of the year. Oil and gold futures fell. The yield on the 10-year Treasury note rose. The U.S. dollar was down versus the euro, pound, and yen. Prices for most major cryptocurrencies were higher.

Top Stock Movers Now: Hanesbrands, On Holding, Cardinal Health, and More

U.S. equities rose at midday as the Nasdaq and S&P 500 reached record highs, driven by lower-than-expected consumer inflation in July. Gildan Activewear announced a nearly $5 billion bid for Hanesbrands, boosting Hanesbrands' shares. On Holding saw its stock rise after reporting better-than-expected results and strengthening its direct-to-consumer sales outlook. Circle Internet Group's USDC stablecoin experienced a significant increase in circulation, improving its adjusted earnings and revenue. Cardinal Health's shares fell after missing revenue estimates, though it announced a $1.9 billion acquisition of Solaris Health to expand in urology. BigBear.ai's shares dropped following a revenue guidance cut and profit outlook withdrawal due to concerns over government contract changes, particularly from the Army. Celanese shares declined after warning of soft demand for the remainder of the year. Oil and gold futures declined, while the 10-year Treasury yield rose. The U.S. dollar weakened against the euro, pound, and yen, and most major cryptocurrencies saw price increases.