TOKYO (AP) — Yuma Kagiyama of Japan recovered from an early fall in his free skate on Saturday to defend his title at the NHK Trophy.
The 2022 Olympic silver medalist fell on his opening quadruple flip but quickly recovered with a clean quad salchow and a quad toeloop-triple toeloop combination.
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Silver medalists, Riku Miura and Ryuichi Kihara of Japan, left, gold medalists, Anastasiia Metelkina and Luka Berulava of Georgia, center, and bronze medalists Ellie Kam and Danny O'Shea of the U.S., right, pose for a selfie after competing the pairs' free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalists, Riku Miura and Ryuichi Kihara of Japan, left, gold medalists, Anastasiia Metelkina and Luka Berulava of Georgia, center, and bronze medalists Ellie Kam and Danny O'Shea of the U.S., right, pose for a photo after competing the pairs segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalist Mone Chiba of Japan, left, gold medalist Kaori Sakamoto of Japan, center, and bronze medalist Yuna Aoki of Japan pose for a photo after competing the women's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalist Mone Chiba of Japan, left, gold medalist Kaori Sakamoto of Japan, center, and bronze medalist Yuna Aoki of Japan celebrate after competing the women's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalist Mone Chiba of Japan, left, gold medalist Kaori Sakamoto of Japan, center, and bronze medalist Yuna Aoki of Japan pose for a photo after competing the women's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Kaori Sakamoto of Japan reacts after competing the women's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalist Daniel Grassl of Italy, left, gold medalist Yuma Kagiyama of Japan, center, and bronze medalist Tatsuya Tsuboi of Japan pose after competing the men's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Gold medalist Yuma Kagiyama of Japan, celebrates after competing the men's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Yuma Kagiyama of Japan competes in the men's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Yuma Kagiyama of Japan competes in the men's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Yuma Kagiyama of Japan competes in the men's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalists, Riku Miura and Ryuichi Kihara of Japan, left, gold medalists, Anastasiia Metelkina and Luka Berulava of Georgia, center, and bronze medalists Ellie Kam and Danny O'Shea of the U.S., right, pose for a selfie after competing the pairs' free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Gold medalists,Anastasiia Metelkina and Luka Berulava of Georgia celebrate after competing the pairs' free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Gold medalists, Anastasiia Metelkina and Luka Berulava of Georgia, pose for a photo after competing the pairs segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalists, Riku Miura and Ryuichi Kihara of Japan, left, gold medalists, Anastasiia Metelkina and Luka Berulava of Georgia, center, and bronze medalists Ellie Kam and Danny O'Shea of the U.S., right, pose for a photo after competing the pairs segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Gold medalists Madison Chock and Evan Bates of the U.S. are introduced for the victory ceremony after competing the ice dance segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Gold medalists Madison Chock and Evan Bates of the U.S., left, silver medalists Christina Carreira and Anthony Ponomarenko of the U.S.,center, and bronze medalists Allison Reed and Saulius Ambrulevicius of Lithuania react with their flags after competing the ice dance segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Madison Chock and Evan Bates of the U.S. compete in the ice dance free dance at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Madison Chock and Evan Bates of the U.S. compete in the ice dance free dance at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Madison Chock and Evan Bates of the U.S. compete in the ice dance free dance at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Madison Chock and Evan Bates of the U.S. compete in the ice dance free dance at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalists Christina Carreira and Anthony Ponomarenko of the U.S., left, gold medalists Madison Chock and Evan Bates of the U.S., center, and bronze medalists Allison Reed and Saulius Ambrulevicius of Lithuania pose after competing the ice dance segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalists Christina Carreira and Anthony Ponomarenko of the U.S., left, gold medalists Madison Chock and Evan Bates of the U.S., center, and bronze medalists Allison Reed and Saulius Ambrulevicius of Lithuania pose for a selfie after competing the ice dance segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalists Christina Carreira and Anthony Ponomarenko of the U.S., left, gold medalists Madison Chock and Evan Bates of the U.S., center, and bronze medalists Allison Reed and Saulius Ambrulevicius of Lithuania pose for a photo after competing the ice dance segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
gold medalists Madison Chock and Evan Bates of the U.S. silver medalists Christina Carreira and Anthony Ponomarenko of the U.S., left, and bronze medalists Allison Reed and Saulius Ambrulevicius of Lithuania react with their flags after competing the ice dance segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
First after the short program, Kagiyama added another quad toeloop and three triple jumps to finish with 194.39 points for a total of 300.09.
Italy’s Daniel Grassl moved up from fifth place with a strong free skate to finish second with 264.85 points while Japan’s Tatsuya Tsuboi was third with 251.52 points.
“It was regrettable to fall on the opening jump but I was quickly able to recover and that’s a testament to my growth,” said Kagiyama, who will next compete in the Nov. 15-17 Finlandia Trophy.
Andrew Torgashev of the United States was fourth with 246.58 points.
In the women’s event, three-time world champion Kaori Sakamoto led a Japanese sweep of the podium with an electrifying performance in the free skate.
Skating to “All That Jazz,” Sakamoto landed seven triple jumps en route to a season-best 152.95 points for a total of 231.88.
Mone Chiba was second with 212.54 followed by compatriot Yuna Aoki with 195.07.
American teenager Alysa Liu, who is making a comeback, was fourth with 190.75 points.
Sakamoto also won Skate Canada two weeks ago but was second in the free skate.
“It’s been two weeks since Skate Canada and I didn’t think I would be able to do this much (in the free skate),” Sakamoto said. “I was so nervous the last time in Canada and wanted to be able to relax more this time.”
Two-time and reigning world champions Madison Chock and Evan Bates of the United States turned in a dominant free dance to win the ice dance competition.
First after Friday’s rhythm dance, the U.S. champions executed level-four spins and lifts on their way to 129.63 points for a total of 215.95.
Christina Carreira and Anthony Ponomarenko, also of the United States, were second with 198.97 points while Allison Reed and Saulius Ambrulevicius of Lithuania took third with 195.52.
With their first NHK Trophy title, Chock and Bates also secured a berth in the Grand Prix Final which will be held Dec. 5-8 in Grenoble, France.
After finishing second at Skate America, Chock and Bates decided to revamp their short program and the move paid off as they started Saturday’s free dance with a comfortable 6.68-point lead.
Skating to “Round Midnight” and “Take Five,” the Americans opened with a level-four rotational lift and closed with a curve lift and a difficult stationary lift.
“We were really pleased with the performance today,” Bates said. “It felt really smooth, we really tried to get into the mood of the very sultry jazz-forward program.”
Caroline Green and Michael Parsons of the U.S. finished fourth with 188.76. points.
In pairs, Anastasiia Metelkina and Luka Berulava of Georgia finished first in the free skate to overtake Japanese skaters Riku Miura and Ryuichi Kihara with 213.05 points.
Miura and Kihara, first after the short program, settled for second place with 209.45 points while Ellie Kim and Danny O’Shea of the U.S. were third with 197.44.
The NHK Trophy is the fourth event in the ISU’s Grand Prix of Figure Skating Series.
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Silver medalist Mone Chiba of Japan, left, gold medalist Kaori Sakamoto of Japan, center, and bronze medalist Yuna Aoki of Japan pose for a photo after competing the women's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalist Mone Chiba of Japan, left, gold medalist Kaori Sakamoto of Japan, center, and bronze medalist Yuna Aoki of Japan celebrate after competing the women's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalist Mone Chiba of Japan, left, gold medalist Kaori Sakamoto of Japan, center, and bronze medalist Yuna Aoki of Japan pose for a photo after competing the women's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Kaori Sakamoto of Japan reacts after competing the women's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalist Daniel Grassl of Italy, left, gold medalist Yuma Kagiyama of Japan, center, and bronze medalist Tatsuya Tsuboi of Japan pose after competing the men's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Gold medalist Yuma Kagiyama of Japan, celebrates after competing the men's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Yuma Kagiyama of Japan competes in the men's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Yuma Kagiyama of Japan competes in the men's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Yuma Kagiyama of Japan competes in the men's free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalists, Riku Miura and Ryuichi Kihara of Japan, left, gold medalists, Anastasiia Metelkina and Luka Berulava of Georgia, center, and bronze medalists Ellie Kam and Danny O'Shea of the U.S., right, pose for a selfie after competing the pairs' free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Gold medalists,Anastasiia Metelkina and Luka Berulava of Georgia celebrate after competing the pairs' free skating at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Gold medalists, Anastasiia Metelkina and Luka Berulava of Georgia, pose for a photo after competing the pairs segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalists, Riku Miura and Ryuichi Kihara of Japan, left, gold medalists, Anastasiia Metelkina and Luka Berulava of Georgia, center, and bronze medalists Ellie Kam and Danny O'Shea of the U.S., right, pose for a photo after competing the pairs segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Gold medalists Madison Chock and Evan Bates of the U.S. are introduced for the victory ceremony after competing the ice dance segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Gold medalists Madison Chock and Evan Bates of the U.S., left, silver medalists Christina Carreira and Anthony Ponomarenko of the U.S.,center, and bronze medalists Allison Reed and Saulius Ambrulevicius of Lithuania react with their flags after competing the ice dance segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Madison Chock and Evan Bates of the U.S. compete in the ice dance free dance at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Madison Chock and Evan Bates of the U.S. compete in the ice dance free dance at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Madison Chock and Evan Bates of the U.S. compete in the ice dance free dance at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Madison Chock and Evan Bates of the U.S. compete in the ice dance free dance at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalists Christina Carreira and Anthony Ponomarenko of the U.S., left, gold medalists Madison Chock and Evan Bates of the U.S., center, and bronze medalists Allison Reed and Saulius Ambrulevicius of Lithuania pose after competing the ice dance segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalists Christina Carreira and Anthony Ponomarenko of the U.S., left, gold medalists Madison Chock and Evan Bates of the U.S., center, and bronze medalists Allison Reed and Saulius Ambrulevicius of Lithuania pose for a selfie after competing the ice dance segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
Silver medalists Christina Carreira and Anthony Ponomarenko of the U.S., left, gold medalists Madison Chock and Evan Bates of the U.S., center, and bronze medalists Allison Reed and Saulius Ambrulevicius of Lithuania pose for a photo after competing the ice dance segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
gold medalists Madison Chock and Evan Bates of the U.S. silver medalists Christina Carreira and Anthony Ponomarenko of the U.S., left, and bronze medalists Allison Reed and Saulius Ambrulevicius of Lithuania react with their flags after competing the ice dance segment at the Grand Prix of Figure Skating series competition in Tokyo, Saturday, Nov. 9, 2024. (AP Photo/Hiro Komae)
NEW YORK (AP) — U.S. stocks are hanging near their records Wednesday as oil prices fall and ease the pressure on households and businesses worldwide.
The S&P 500 slipped 0.1% below its all-time high set the day before. The Dow Jones Industrial Average was up 183 points, or 0.4%, as of 12:56 p.m. Eastern time, and the Nasdaq composite was 0.1% lower.
Stocks of companies with big fuel bills helped lead the way on hopes that lower oil prices will remove a big drag on their profits. Norwegian Cruise Line Holdings climbed 5.7%, and United Airlines rallied 7.3%. Delta Air Lines rose 3.7% and is on track to set an all-time high.
The price for a barrel of Brent crude oil fell 4.1% to $95.48 after the ceasefire between the United States and Iran appeared to hold despite the U.S. military launching what it called “self-defense” strikes in southern Iran. A barrel of benchmark U.S. crude fell even more, 4.2%, to $89.69 on hopes that the United States and Iran can reach an agreement to reopen the Strait of Hormuz and allow oil tankers to exit the Persian Gulf for deliveries again.
Stocks have been able to run to records despite the painful inflation and uncertainty caused by high oil prices largely because companies have reported surprisingly strong profits for the start of 2026, and the forecast is for them to continue.
Bath & Body Works rallied 11.2%, and Abercrombie & Fitch climbed 11.8% after both reported bigger profit for the latest quarter than analysts expected. That's even as U.S. consumers continue to say they're feeling discouraged about the economy and inflation.
Lululemon Athletica rose 3.6% after reaching a deal with its founder, Chip Wilson, where it will add a former chief marketing officer of ESPN and a former co-CEO of On to its board of directors.
On the losing side of Wall Street was Dick's Sporting Goods, which dropped 4.9% despite delivering a profit for the latest quarter that edged past expectations. Analysts pointed to how much profit it wrung out of each $1 in revenue, which some called a bit weak.
Oil-and-gas stocks also sank, hurt by the dropping prices for crude. Exxon Mobil fell 1.4%, and Chevron slipped 0.8%. Halliburton dropped 3% to bring its gain for the year so far back toward 40%.
In the bond market, Treasury yields eased after falling oil prices took pressure off inflation. The yield on the 10-year Treasury slipped to 4.48% from 4.50% late Tuesday and from 4.67% roughly a week ago.
It’s a respite following recent gains for yields in bond markets worldwide, which threatened to slow economies and undercut prices for stocks and all kinds of other investments. High yields have already forced the average long-term U.S. mortgage rate to its most expensive level since last summer, and they could curtail companies’ borrowing to build the artificial-intelligence data centers that have supported the U.S. economy’s growth recently.
In stock markets abroad, indexes were mixed across Europe and Asia. South Korea's Kospi was one of the world's best performers and jumped 2.3% after SK Hynix, which is a big beneficiary of the artificial-intelligence boom, soared 9.3%.
A day before, Micron Technology surged to become the latest Big Tech company to be worth more than $1 trillion on AI excitement. Its stock has more than tripled already in 2026, and analysts at UBS said Tuesday it could soar even more because of how fundamentally AI has improved demand for computer memory.
AP Business Writer Elaine Kurtenbach contributed to this report.
Trader Edward Curran, left, and specialist Meric Greenbaum, center, work on the floor of the New York Stock Exchange, Friday, May 22, 2026. (AP Photo/Richard Drew)
A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 25, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A dealer walks past near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
A dealer walks past near the screens showing the foreign exchange rates at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
A dealer walks past near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
A dealer stands near the screens showing the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)