Big firms 
report 
dismal 
earnings 
for third quarter

Dow takes 
another dive

continued from page 2

Facebook credited the success to its growth in mobile advertising.

“People underestimate how good mobile is for Facebook,” CEO Mark Zuckerberg said on the earnings call. “People on mobile use Facebook more often. We’ll monetize better on mobile than on desktop.”

But that news, reported after the markets closed, came too late to prevent Wall Street’s downturn Tuesday.

Global markets also disappointed Tuesday, with stock markets across Europe losing significant ground, according to both benchmark indexes and general trading measurements.

The FTSEurofirst 300 index experienced its worst day in months, falling 1.7 percent to its lowest point since Sept. 5, while the benchmark Euro STOXX 50 blue-chip index closed down 2.1 percent.

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