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Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuHere are some of the companies making headlines in midday trading. Homebuilding stocks — Companies tied to homebuilding tumbled as the average rate on the 30-year fixed mortgage surpassed 7%.The State Street SPDR S & P Homebuilders ETF (XHB) slid more than 2%. Homebuilder PulteGroup was down 2%, while home furnishings retailer Williams-Sonoma fell close to 2%. Owens Corning and Home Depot shed 1% each. Artificial intelligence infrastructure — Shares of companies linked to AI infrastructure retreated as investors went into risk-off mode. The iShares AI Innovation and Tech Active ETF (BAI) lost almost 2%. Vertiv and CoreWeave tumbled nearly 5% each, while photonics play Lumentum dropped close to 4%. Nvidia fell about 2%, and Micron Technology declined more than 4%. Oracle — Shares of the software giant dropped nearly 2% before it reported first-quarter results after the close. The Street sees earnings coming in at $1.74 per share on revenue of $19.14 billion, according to FactSet. Traders will likely keep a close eye on details about the AI infrastructure buildout. Elevance Health — Shares climbed almost 5% after finance chief Mark Kaye said that Elevance’s third-quarter earnings per share are tracking ahead of the company’s prior outlook. The company also reaffirmed its EPS guidance for 2026 of at least $27 per share, excluding one-time items. That compares to the FactSet consensus of $27.15 per share. Biohaven — The biopharmaceutical company tanked 16% after the Food and Drug Administration imposed a partial clinical hold on an experimental epilepsy treatment, over a potential safety concern that emerged during rodent testing. Biohaven said that the findings may be specific to rodents and not relevant to human safety and that the drug has generally been safe and well-tolerated in clinical studies with more than 1,200 participants dosed to date. Macy’s — The department store chain saw shares fall more than 3%. Macy’s expects adjusted losses in the current quarter to come in between 19 cents and 23 cents per share, wider than the 6-cent per share loss analysts were expecting, according to FactSet. Separately, Macy’s reported a second-quarter revenue beat and raised its full-year guidance for net sales, comparable sales and earnings per share. Apple — The iPhone maker rose 2% a day after it unveiled its foldable iPhone Duo and other products. Investor response was muted Wednesday, with the stock closing slightly lower. Copper miners — Shares of miners fell alongside copper prices. The threat of tariffs has pushed the metal higher this year, but prices fell Thursday after hitting a record high in early trading. Freeport-McMoRan tumbled nearly 7% and Southern Copper shed more than 6%. AeroVironment — Shares of the drone manufacturer jumped 10% after first-quarter results trounced estimates. AeroVironment earned 59 cents per share on an adjusted basis and posted revenue of $480 million. Analysts polled by LSEG had estimated 25 cents a share on $456 million. American Eagle Outfitters – The teen apparel retailer fell 15%. American Eagle’s comparable sales in the second quarter fell 1%, versus analysts’ call for a decline of 0.6%. The company forecast operating income in the current quarter of $110 million to $115 million, versus the StreetAccount consensus estimate of $124.3 million. Navan – The maker of a business travel and expenses software platform plunged 20%. Navan posted second-quarter adjusted earnings of 5 cents a share, narrowly beating the 4 cents per share analysts anticipated, per FactSet. Navan also announced the acquisition of events platform BoomPop. Financial terms were not disclosed. Cooper Companies – The contact lens maker fell about 13% after fiscal fourth-quarter projections came in shy of the Street’s estimates. Cooper sees revenue of $1.06 billion to $1.08 billion and adjusted earnings of $1.05 to $1.09 per share. The LSEG consensus estimate called for $1.11 billion and $1.19 per share. Enbridge – The energy and distribution company saw shares slide 3% after announcing it would acquire Tallgrass Energy’s crude transportation business for $2.55 billion. – CNBC’s Nick Wells contributed reporting.