A market teetering around a cliff only needs one piece of bad news to fall off … and it got it. A Wall Street selloff accelerated throughout Tuesday amid disappointing reports from three industrial giants, then continued after Apple surprised analysts with a high price tag on its newly unveiled iPad mini.

Apple (NASDAQ:AAPL) caught many off guard with an announced price of $329 on its 7-inch tablet, and investors fled almost immediately, sending AAPL shares to a 3% drop by the end of the day. Apple stock has lost 12% in a month, and is nearly 14% off its 52-week high.

Chemical maker giant DuPont (NYSE:DD) lost 9% after it reported shockingly weak third-quarter earnings and cuts to full-year guidance. 3M (NYSE:MMM), makers of scotch tape and Post-It Notes, reported earnings in line with estimates, but missed revenue targets and guided down, sending shares back 4%. Lastly, aerospace conglomerate United Technologies (NYSE:UTX) slid fractionally after it reported better-than-expected earnings, but missed on revenue targets and issued earnings and revenue guidance warning of its own.

The damage in the Dow spread to other economically sensitive stocks, as Alcoa (NYSE:AA) shed just over 3%, while General Electric (NYSE:GE) and Exxon Mobil (NYSE:XOM) both lost more than 2%. The end result on the day was a drop in the Dow of 1.82% to 13,102.61, with all but two Dow components losing ground. The S&P followed suit, falling 1.44% to 1,413.11, while the Nasdaq dropped 0.88% to close at 2,990.46.

The earnings pain continued after the bell, as Netflix (NASDAQ:NFLX) shares dropped 17% in early after-hours trading on Q3 earnings that plummeted to 13 cents per share from $1.16 a year ago; however, that figure still beat Wall Street expectations, and came on revenues that climbed roughly 10%. Additionally, cashflow went into the negative as NFLX continues to spend on developing original content.

Tuesday did see some earnings victories, however.

Also after the bell, Facebook (NASDAQ:FB) finally got some good news as it reported sales improvement of 32% to $1.26 billion, topping analyst estimates of $1.23 billion. Facebook did post a loss of $59 million, or 2 cents a share, but an adjusted gain of 12 cents per share. FB shares were up 8% in early after-hours action.

During the day, Yahoo! (NASDAQ:YHOO) saw its shares rise nearly 6% after Monday’s after-hours report, which showed Q3 growth. But much of the strength came on what investors heard on the call, when CEO Marissa Meyer discussed the company’s intended growth targets in mobile. Also, Coach (NYSE:COH) reported earnings and revenues that matched Street estimates, as well as improved same-store sales figures, and the company also announced a stock buyback program. COH shares surged 10% by Tuesday’s close.

Finally, shares of Monster Beverage (NASDAQ:MNST) tumbled by double-digits for the second straight day following Monday news of an FDA report that showed Monster Beverage products were cited in five deaths last year.

Earnings season continues Wednesday with InvestorPlace  Real America Index components General Dynamics (NYSE:GD) and EMC (NYSE:EMC), Dependable Dividend Stocks AT&T (NYSE:T) and Kimberly-Clark (NYSE:KMB), and notables Lockheed Martin (NYSE:LMT) and Citrix (NASDAQ:CTXS).

Three Up

• Pandora (NYSE:P): Up 9.2% (84 cents) to $9.94.
• Barnes and Noble (NYSE:BKS): Up 6.5% (94 cents) to $15.38.
• Ryder Systems (NYSE:R): Up 5.6% ($2.42) to $45.85.

Three Down

• SuperValu (NYSE:SVU): Down 8.5% (27 cents) to $2.90 (Read more here).
• Leap Wireless (NASDAQ:LEAP): Down 6.6% (39 cents) to $5.51.
• Arch Coal (NYSE:ACI): Down 5% (42 cents) to $7.99.

Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he was long AAPL, GE and XOM.