Stock Market Winners & Losers: S&P 500 and Nasdaq Fall as Fed Decision Looms | Realtors’ 6% Commission Eliminated | Mr. Beast is Taking His Knack for Virality to Prime Video

Loser: S&P 500 and Nasdaq as Fed decision looms
The S&P 500 experienced a decline, primarily influenced by major tech companies like Nvidia, causing a drop of about 0.3%. Nvidia, a leading chip manufacturer, saw a decrease of 2.1% following CEO Jensen Huang's unveiling of the latest AI chip named Blackwell, which he claimed to be much more potent than its predecessors for AI operations. Analysts, including Sam Stovall from CFRA Research, suggest that the market may undergo a "healthy" correction following a recent rally, cautioning investors that it could occur later than expected or be more profound than anticipated. Meanwhile, attention on Wall Street shifted towards Washington as the Federal Reserve commenced its two-day policy meeting.

Winner: Realtors' 6% commission on buying, selling homes eliminated
The National Association of Realtors agreed to a $418 million settlement and will eliminate rules on the standard 6% commission for U.S. real estate agents. Annual real estate commissions in the U.S. amount to roughly $100 billion. With the expectation for agents to lower their commissions, experts anticipate a potential 30% reduction, which could significantly impact home prices. For a $1 million home, sellers currently pay around $60,000 in fees, raising overall home prices. This change might lead to a market-wide decrease in home prices. Shares of Zillow and Compass both fell by 10%, while homebuilder stocks like Lennar, PulteGroup, and Toll Brothers rose. If planning to sell, it might be wise to wait for new lower-commission models to emerge.

Winner: MrBeast is taking his knack for virality to Prime Video
Amazon's streaming service is teaming up with YouTube star Jimmy Donaldson, known as MrBeast, who boasts 245 million subscribers. MrBeast will host and produce "Beast Games" for Prime Video, promising a $5 million grand prize, the largest in TV history. His viral hits, including real-life Squid Game, have garnered millions of views. With earnings of $82 million last year, MrBeast is a leading digital creator, signaling the increasing influence of YouTubers in mainstream entertainment.

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