Chicago PMI Blows Away Expecations

Chicago PMI data was just released and it blew away expectations. For the month of December, Chicago PMI came in at 68.6, versus an expected reading of 61.5. November's PMI was 62.5. Stocks are starting to move higher on the strong manufacturing data, with the Dow up 6 points, the S&P up 1 points and the NASDAQ is up 2.5 points.