Stockwatch Daily: US results depress Euro markets

NEWS Intel's staggering 76 per cent Q2 profit drop on last year is still a slight improvement on expectations. At close last night the chip giant was up 2.6 per cent but lost 1.5 per cent in after hours trading. Apple also revealed a profit slump yesterday, although its drop of 70 per cent was ahead of expectations. It suffered a ten per cent fall in after hours trading. While the news took the edge of US market gains made throughout Tuesday, the Nasdaq still closed up 1.88 per cent while the Dow Jones made gains of 1.28 per cent. This morning the European markets responded with a slight dip into the red. In London the FTSE 100 was off 0.32 per cent by 09.30(BST) while the TechMark lost 0.44 per cent. Elsewhere in Europe, the Neuer Markt 50 lost 0.70 per cent while the Paris CAC 40 was off by 0.81 per cent.