LONDON (ShareCast) - The main US equity benchmarks are trading sharply higher today, with average gains of over 3% (Dow Jones: 313, Nasdaq Comp.: 88, S&P 500: 38).

The above on reports that European authorities may ‘fast track’ treaty changes, which would allow for strengthened supervision of member states´ finances. As well, much is being made of other reports which hold that the European Financial Stability Fund will be used to guarantee up to 30% of some country´s debt issues.

Quite interesting as well, although they pale in comparison to the above news reports, should they be proved true, are the survey results showing that sales on the day following the Thanksgiving holiday were exceptionally strong, with a 16% increase on last year´s tally.

On the company front, Citi has upgraded shares of Google to buy, from neutral.

United Health has reaffirmed its forecast for 2011 group profits.

MACRO-ECONOMY

New home sales rose 1.3% on month in October, to an annualized pace of 307,000 (Consensus: 320,000). The previous month´s reading has been revised down to 303,000, from an original estimate of 313,000.

OTHER MARKETS

Front month crude futures are now rising by 2.6% to the $99.29/barrel mark in NYMEX trading.

10 year US Treasuries are now falling by 23/32 dollars with yields at 2.04%.

S&P 500 - Risers
Genworth Financial Inc. (GNW) $6.18 +14.75%
Monster Worldwide Inc. (MWW) $7.26 +10.13%
JDS Uniphase Corp. (JDSU) $10.44 +9.21%
First Solar Inc. (FSLR) $44.03 +9.20%
Goodyear Tire & Rubber Co. (GT) $12.92 +8.30%
United States Steel Corp. (X) $24.11 +8.26%
Netflix Inc. (NFLX) $68.92 +7.93%
Corning Inc. (GLW) $15.04 +7.81%
AK Steel Holding Corp. (AKS) $7.58 +7.69%
Allegheny Technologies Inc. (ATI) $46.66 +7.69%

S&P 500 - Fallers
Campbell Soup Co. (CPB) $31.71 -0.44%
Kellogg Co. (K) $48.67 -0.16%

Dow Jones I.A - Risers
Alcoa Inc. (AA) $9.47 +5.82%
Caterpillar Inc. (CAT) $91.16 +5.12%
Bank of America Corp. (BAC) $5.43 +5.03%
JP Morgan Chase & Co. (JPM) $29.90 +4.99%
Chevron Corp. (CVX) $96.34 +4.39%
Boeing Co. (BA) $65.32 +4.05%
E.I. du Pont de Nemours and Co. (DD) $45.45 +3.63%
Exxon Mobil Corp. (XOM) $76.49 +3.50%
Intel Corp. (INTC) $23.52 +3.48%
General Electric Co. (GE) $15.20 +3.39%

Dow Jones I.A - Fallers

Nasdaq 100 - Risers
First Solar Inc. (FSLR) $44.03 +9.20%
Logitech International S.A. (LOGI) $7.98 +7.55%
Seagate Technology Plc (STX) $16.29 +7.45%
Wynn Resorts Ltd. (WYNN) $114.75 +7.22%
Foster Wheeler AG (FWLT) $18.74 +7.09%
Electronic Arts Inc. (ERTS) $22.26 +6.87%
Joy Global Inc. (JOYG) $84.11 +6.77%
Autodesk Inc. (ADSK) $31.78 +6.64%
Amazon.Com Inc. (AMZN) $193.85 +6.28%
Nvidia Corp. (NVDA) $14.92 +6.27%

Nasdaq 100 - Fallers

AB

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