price down icon0.79%   -0.01
after-market  After Hours:  1.29  0.03   +2.38%

Why is SES AI Corporation (SES) Stock down?

We've noticed a 6.47% decline in SES AI Corporation (SES) stock during the 2024-05-15 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
13 Feb, 2024:

SES AI Corporation (SES) stock declined by 6.38% due to broader market trends. The market downturn occurred as data revealed that inflation had not eased as much as anticipated, with consumer prices rising by 3.1% in January compared to the previous year. While this marked a slowdown from December, it surpassed economists' expectations of a 2.9% increase.

  • Market Reaction and Investor Sentiment: The news on inflation did little to provide clarity on the Federal Reserve's potential actions regarding interest rates. Fed Chair Jerome Powell emphasized the need for further evidence that inflation is on track to meet the 2% target. Additionally, the market saw fluctuations in response to earnings reports, with Lyft shares surging after its results, while other companies like Coca-Cola reported mixed performances.
  • Key Market Indicators: The broader market experienced declines, with all three major U.S. stock indexes closing lower, led by the Nasdaq. The Dow industrials notably shed over 500 points. Despite these losses, all three indexes remained in positive territory for the year. Across sectors, the S&P 500 recorded declines, reflecting the widespread nature of the market downturn. Overall, SES's decline was part of broader market movements influenced by economic data and earnings reports, highlighting the interconnectedness of various factors impacting investor sentiment and stock performance."
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