Markets Gain Again, Despite Noticeable Jump in Consumer Prices

iStockphoto/Thinkstock(NEW YORK) -- All three major indices climbed on Tuesday, marking the second consecutive positive day for Wall Street.

The Dow Jones Industrial Average jumped 27.48 to 16808.49.

The Nasdaq climbed 16.12 to 4337.23, while the S&P 500 finished at 1941.99, up 4.21 from Monday's close.

New data from the U.S. Labor Department on Tuesday indicated  that consumer prices saw their biggest one-month jump in more than a year in May. Prices increased by 0.4 percent over April's figure, though, prices compared to this time last year are up 2.1 percent -- in the neighborhood of the Federal Reserve's target.

The new data would normally be a good sign for the economy, but wage stagnation has caused difficulty for many Americans. Further uncertainty in Iraq and Ukraine could mean more questions about the economy's near future.

Copyright 2014 ABC News Radio

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