Stocks sold off Tuesday, with the Dow sliding more than 240 points to a seven-week low following a slew of disappointing earnings. Tuesday's sell-off came after three major U.S. industrial companies missed earnings expectations, igniting worries that the global economy might be on shakier ground than previously suspected. After the market closed, Facebook reported Q3 sales in line with analyst expectation. Shares of the social media giant popped 8% higher in after-hours trading. In addition to the earnings news, Apple unveiled a 7.9-inch iPad mini, half the size and weight of its original tablet at an event in California Tuesday afternoon. The tech giant also introduced a new 13-inch MacBook Pro. Despite the news, shares of the company were down more than 3%.
