US stocks today: Nasdaq tumbles over 2%, S&P 1% at open as Amazon, Intel add to AI spending woes

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• BofA cuts mortgage insurer ratings, citing regulatory overhang; stocks drop

  Wall Street analysts are growing increasingly cautious about the mortgage insurance sector as mounting supervisory uncertainty clouds the industry's near-term outlook. Bank of America initiated the negative adjustments to reflect heightened concerns over regulatory pressures that could constrain underwriting and profitability. The strategic downgrade has triggered an immediate market pullback across major publicly traded shares in the group.

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• Reddit shares on track for largest ever one-day drop — and analysts say the bad news hasn’t ended

  Investors aggressively dumped the online discussion platform's equity during Friday morning trading after management released disappointing financial projections. The sharp sell-off reflects growing market unease regarding the firm's forward guidance. Industry analysts warn that the underlying troubles driving this historic contraction could persist in the coming sessions.

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• Fluor stock may move 11% on Nov. 6 earnings release

  Market participants are preparing for substantial volatility surrounding the engineering and construction firm's forthcoming financial disclosures. The anticipated double-digit price fluctuation reflects heightened attention on the company's operating performance. Investors will be monitoring the upcoming announcement closely to assess the underlying business momentum.

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