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In what can only be described as a roller-coaster open, all three major indices opened the session notably lower yet quickly bounced back in early trade as global economic growth concerns weighed down the open but the selling did not hold. The selloff at one point brought the Dow Jones Industrial Average down about 1089 points to a low of the day of 15370.33. The S&P 500 stopped the morning losses, but not before reaching 1866.86; and the Nasdaq Composite also saw notable losses in the early session, down to 4292.14 at one point.

The markets finished as such -- S&P 500 (1893.21, -77.68 -3.94%), Nasdaq Composite (45216.25, -179.79 -3.82%), and the Dow Jones (15871.28, -588.47 -3.58%). A late rally almost pushed the three major indices above -2% on the session, but all finished worse than 3.5% down. Record volume also accompanied the massive selling today, as about 3.5 billion shares were traded on the Nasdaq.

The selloff did not stop there, though, as foreign markets the United Kingdom's benchmark FTSE closed down 4.7% on the session. Weakness spread across Europe, with the Italian MIB to the German DAX finishing -6.0% to -4.7% respectively.

Notable S&P 500 component Intel (INTC 26.31, -0.25 -1.0%) was the tech stock that resisted most of the selling action today -- albeit finished still finished down on the session. Apple (AAPL 104.30, -1.46 -1.5%) also performed worse off the open this morning, but managed to eke out small gains toward midday. The tech giant's CEO, Tim Cook, sent an 'update' email of sorts to CNBC's Jim Cramer. The update noted that China remains 'strong' for the iPhone maker, and that...