Stocks skid for second day, Nasdaq leads way down: Stock market news today

News Snapshot:

Stocks rebounded in afternoon trade Wednesday, as worries lingered on the US banking sector and attention shifted to a key US inflation report in the wake of disappointing Chinese price data. Just before 3 p.m. ET Dow Jones Industrial Average (^DJI) was hovering the near the flat line. The S&P 500 (^GSPC) slipped 0.13%, while the tech-heavy Nasdaq Composite (^IXIC) led the way down, 0.5%. With the crucial July US inflation report looming on Thursday, data released Wednesday showed China's consumer sector fell into deflation in July. It's another sign that Beijing is struggling to revive demand in the world's...