The Chicago ISM’s PMI index was much better than economists expected, giving another jolt to stocks.
The PMI jumped to 62.6, well above the 58.5 economists expected.
Stocks are jumping even more as a result.
The Dow is now up 385 points, the S&P and Nasdaq are each up more than 3%.
The Chicago PMI, which is given early to a handful of paying subscribers, is considered by some to be an early indicator of the national ISM manufacturing index.