Markets Are Climbing Higher

Markets are higher this afternoon, with the S&P 500 10 points, or about 0.6%.

The Dow up 110 points, or 0.7%.

This comes after a mix of economic data.

The Philadelphia Fed index plunged 15.7 points to -6.3 in February, well below expectations.

But U.S. manufacturing conditions improved, according to Markit's Flash U.S. PMI reading. Over in China, manufacturing conditions fell to a seven-month low.

January U.S. inflation numbers came in right in line with expectations, as did weekly jobless claims.