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The longer-term outlook for bonds is bleak as rising inflation eventually will lead to higher interest rates, said Tim Courtney, chief investment officer at Exencial Wealth Advisors. Despite climbing this year, the yield on the 10-year note is still close to the record low of 1.39 percent that it reached in July 2012, when demand for Treasuries surged as the European debt crisis intensified.

“The only way that bonds can make money from here is if we go a prolonged period of time with very, very low inflation and rates just don’t move up a whole lot at all,” Mr. Courtney said. “Under any other scenario they lose.”

Among other stocks making big moves:

• Tiffany rose $3.23, or 4.2 percent, to $79.44 after the high-end jewelry seller said its first quarter net income rose 3 percent as sales improved across all regions. The results beat the forecasts of Wall Street analysts.

• Tesla Motors jumped $7.23, or 7.5 percent, to $104.30. Last week the electric-car manufacturer raised almost $1 billion from a bond-and-stock offering and paid off a government loan nine years early. The company also is set to announce this week that it’s adding to a network of car-charging stations.

• Electricity company FirstEnergy dropped 7.5 percent, or $3.19, to $39.45 after Credit Suisse stripped the company of its ‘outperform’ rating, saying that a glut of energy would push down prices the company is able to charge.

Traders were encouraged by gains in overseas markets. Japan’s benchmark Nikkei rose 1.2 percent. The index had plunged 7.3 percent Thursday on concerns about Japan’s massive economic stimulus program. European markets also rose. Britain’s FTSE 100 jumped 1.6 percent, and Germany’s DAX gained climbed 1.2 percent.

In commodities trading, the price of oil rose $1.18, or 1.2 percent, to $95.35. Gold fell $7.70, or 0.6 percent, to $1,378.90 an ounce. The dollar gained against the euro and the Japanese yen.