(CNBC) -- The major stock indexes traded in different directions on Thursday as investors grappled with a disastrous quarterly report from Facebook.
The Nasdaq Composite dropped 1 percent to finish at 7,852.18, led by a steep decline in Facebook shares. The index posted its worst one-day loss since June 27, when it lost 1.5 percent; Facebook suffered its worst day in its history as a public company with shares closing down 18.96 percent.
The broader stock market held its ground, however, as the S&P 500 finished down 0.3 percent at 2,837.44 while the Dow Jones Industrial Average rose 112.97 points to 25,527.07 amid gains in 3M, Boeing and Travelers Companies.
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