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And Treasury bonds gave up some of their gains, pushing yields higher.This sudden shift could be seen as a rekindling of risk appetites.
In the United States and several European countries, even before the start of the financial crisis, income inequality meant that real incomes were growing by less than would be justified by productivity gains, pushing households to borrow to fund consumption.
But it has been the Islamists who have used the political opening to outmaneuver liberals and make the most gains, pushing an agenda of segregating women in public places and making Islamic tradition the cornerstone of the law.
The bond market retreated after recent gains, pushing the yield on the benchmark 10-year Treasury up to 3.46%, from 3.34% Monday, while the two-year note was yielding 1.57%, up from 1.35%.
(Any additional gains, pushing their taxable income above $70,700, would be taxed at 15%.) Consider, too, making gifts of appreciated stock to adult children or grandchildren this year.
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The gains pushed spending to an annual rate of $819.3 billion, the second-highest level on record.
Stocks ended little changed but modest gains pushed the Standard & Poor's 500-stock index to a new 15-month high.
But they have to be careful not to realize too many gains, lest the gains push them into a higher tax bracket.
After two days of gains pushed the FTSE 100 ever closer to its record high, investors decided it was time to pause for breath, if only slightly.
Today's gains pushed BlackBerry temporarily north of the $10 per share mark.
The stock gains pushed down 10-year Japanese government bond futures to a two-month low, off more than a full point, to 136.39.
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