"Inflation Sparks Stock Market Recovery, Disney Takes Center Stage"
Stocks sank for the second consecutive day, with the Nasdaq leading the way down, as concerns persisted over the US banking sector and attention turned to a crucial US inflation report following disappointing Chinese price data. The Dow Jones Industrial Average was down 0.5%, the S&P 500 slipped 0.7%, and the Nasdaq Composite lost 1.3%. Moody's downgrade of midsize US banks and China's consumer sector falling into deflation added to fears of a prolonged economic slowdown. Disney's earnings report and its ESPN network's sports betting deal with PENN Entertainment were closely watched, while other trending stocks included Twilio, WeWork, and Lyft. Stock futures attempted a comeback after Tuesday's losses.