1. The selloff was weighed down further by a broader market selloff, with the Nasdaq closing down 127 points, or 2.75%.

2. Meanwhile, the selloff in the broader retail sector is almost exactly what history suggests should happen.

3. Still, the selloff was quick and sharp enough to remind investors that corrections are inevitable.

4. European stocks suffered in a late selloff, but still managed to halt their longest losing streak in two years.

5. The broad selloff could deter companies that had been primed to go public after Labor Day, particularly if markets remain unstable.

6. Despite a recent selloff in technology stocks, tech IPOs just keep coming and industry watchers appear confident that the trend will continue.