Slowing growth in China sparked fear into nervous portfolio managers, who began selling the market. Once the S&P 500 sold below 1830, selling began to steamroll. Floor Broker Ben Willis of Albert Fried & Co. also noted that a disappointment from McDonalds didn't instill confidence in the market. It seems the main bright spot in stocks today is Netflix, which continued to move higher throughout the day. TheStreet's Debra Borchardt reports from the New York Stock Exchange.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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