Lyon beats Arsenal 2-1 in first leg of Women's Champions League semifinals

Lyon weathered a second-half fightback by Arsenal to claim a 2-1 away win in the first leg of the Women’s Champions League semifinals on Saturday, putting the record eight-time champions on course for another title match.

Melchie Dumornay, Lyon’s 21-year-old star forward from Haiti, surged through the Arsenal defense to slot home a low finish in the 82nd minute at Emirates Stadium in London and secure the team's ninth straight victory in the Champions League this season.

Lyon — unbeaten in all competitions this campaign — was hanging on at that time, with Mariona Caldentey having converted a penalty four minutes earlier to cap a resurgence by Arsenal after halftime. The spot kick was awarded after Lyon goalkeeper Christiane Endler punched Arsenal captain Leah Williamson in the back of the head while attempting to clear an inswinging corner, with the VAR intervening to spot the foul.

There was also a video review for the 17th-minute opener scored by France winger Kadidiatou Diani, who was initially given offside after driving home a shot — only for that to be overturned after a VAR check.

The second leg will be in Lyon on April 27, with the French team seeking to reach the final for a record 12th time in its bid for a ninth title — and first since 2022.

“It’s a stage of the competition when it’s all about results," said Lyon coach Joe Montemurro, who was previously in charge at Arsenal.

"You have to find a way and suffer — sometimes, the football isn’t the best, but we have a strong team of characters who have the ability to find a way in these special moments.”

Defending champion Barcelona plays Chelsea in the other semifinal, with the first leg in Spain on Sunday.

Arsenal is the only English team to win the Women’s Champions League. That was in 2007 and the club hasn’t reached the final since.

Dumornay impressed for Lyon throughout, striking the crossbar with a 40-meter shot in the 33rd minute before eventually finding the target to halt Arsenal's second-half momentum and bolster her reputation as one of the world's best young players.

“We had some really good spells,” Arsenal striker Alessia Russo said, “but they are very, very clinical up top.”

The result strengthen the chances of a Lyon vs. Barcelona final for the fourth time in the last seven seasons.

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Lyon's Damaris Egurrola, center, greets Arsenal's Victoria Pelova at the end of the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

Lyon's Kadidiatou Diani runs with the ball watched by teammate Lyon's Ada Hegerberg, left, during the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

Lyon's Melchie Dumornay runs with the ball during the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

Lyon's Melchie Dumornay scores her side's second goal past Arsenal's Emily Fox, right, and Arsenal goalkeeper Manuela Zinsberger, foreground, during the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

Arsenal fans wave flags on the stands during the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

Arsenal's Beth Mead controls the ball next to Lyon's Tabitha Chawinga, left, during the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

Arsenal's Frida Maanum, left, attempts a header at goal during the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

Arsenal's Alessia Russo checks on teammate Beth Mead, injured on the ground, during the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

Lyon's Melchie Dumornay grimaces on the ground after a clash with Arsenal's Steph Catley, left, during the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

Arsenal's Mariona Caldentey, center, celebrates after scoring her side's first goal from the penalty spot during the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

Lyon goalkeeper Christiane Endler leaps for a save during the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

Arsenal's Leah Williamson takes a shot next to Lyon's Melchie Dumornay, right, during the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

Lyon's Melchie Dumornay, Alice Sombath, Lindsey Heaps, Kadidiatou Diani and Vanessa Gilles, from left, react after Diani scored the opening goal during the women's Champions League semifinals, first leg, soccer match between Arsenal FC and Olympique Lyonnais at the Arsenal Stadium, in London, Saturday, April 19, 2025. (AP Photo/Kirsty Wigglesworth)

NEW YORK (AP) — Wall Street is hanging near its records on Tuesday following a mixed start to the latest profit reporting season for big U.S. companies. An update on inflation is meanwhile offering little momentum, either upward or downward, after coming in close to expectations.

The S&P 500 edged down by 0.1% after drifting between small gains and losses during the morning. The Dow Jones Industrial Average was down 287 points, or 0.6%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was up 0.1%. Both the S&P 500 and Dow are coming off all-time highs.

U.S. companies are under pressure to deliver strong growth in profits for the last three months of 2025 to justify the record-breaking runs for their stock prices. Analysts expect companies in the S&P 500 to deliver overall earnings per share that are 8.3% higher than a year earlier, according to FactSet.

JPMorgan Chase helped kick off the latest reporting season by delivering weaker profit and revenue than analysts expected. Its stock fell 3.1% and was one of the heaviest weights on the market, but the shortfall may have been partly because some analysts hadn't updated their estimates to account for the earnings hit taken due to the bank's purchase of the Apple Card credit card portfolio.

CEO Jamie Dimon sounded relatively optimistic about the U.S. economy, saying “consumers continue to spend, and businesses generally remain healthy.”

Delta Air Lines lost 3.2% despite reporting a stronger profit for the end of 2025 than analysts expected. Its revenue came up short of Wall Street’s expectations, as did the midpoint of its forecasted range for profit in 2026.

Chipotle Mexican Grill fell 3% after saying it's looking for a new chief marketing officer, a move that analysts said was a surprise.

On the winning side of Wall Street were several health care companies after they raised their financial forecasts at an industry conference with analysts.

Moderna jumped 12.1% for the biggest gain in the S&P 500 after saying it expects to report revenue for 2025 that's above the midpoint of the range it had forecast in November. It also offered updates on several products, including a seasonal flu vaccine that could see potential approvals beginning later this year.

Revvity rose 4.6% after life sciences company said it expects to report profit for 2025 that's above the top end of the forecasted range it had earlier given. Its forecast for revenue in the fourth quarter also topped analysts' expectations.

Outside of health care, L3Harris Technologies rose 2.2% after the defense company said it’s planning to break off its Missile Solutions business into a separate company through an initial public offering. As part of the plan, the U.S. government agreed to invest $1 billion in the business, which will convert into common stock in the IPO.

L3 Harris will keep a controlling interest in the Missile Solutions business following the IPO.

In the bond market, yields held relatively steady after Tuesday's inflation report strengthened expectations that the Federal Reserve may be able to cut its main interest rate at least twice in 2026 to shore up the job market.

Lower interest rates could make borrowing cheaper for U.S. households and boost prices for investments, but they could also worsen inflation at the same time. Tuesday’s report showed that U.S. consumers paid prices last month for gasoline, food and other costs of living that were 2.7% higher overall than a year earlier. That’s a touch worse than economists expected and above the Fed’s 2% target for inflation.

But, more encouragingly, an important underlying trend of inflation wasn’t as bad last month as economists expected. That could give the Fed more leeway to lower interest rates later.

“We’ve seen this movie before—inflation isn’t reheating, but it remains above target,” according to Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management.

The data helped the 10-year Treasury ease to 4.18% from 4.19% late Monday. The two-year Treasury yield, which more closely tracks expectations for what the Fed will do, inched down to 3.53% from 3.54%.

A day earlier, Treasury yields swung amid worries about the Federal Reserve's worsening feud with President Donald Trump. The concern is that the president's attacks on the Fed could result in a central bank that's less independent and more subservient to the White House. Experts say that in turn could lead to higher inflation over the long term.

In stock markets abroad, indexes were mixed in Europe and Asia.

Japan’s Nikkei 225 soared 3.1% for one of the world’s biggest moves and set a record, thanks in part to gains for technology-related stocks.

Investors expect Japanese Prime Minister Sanae Takaichi, who took office in October, to try to capitalize on her relatively high popularity to call a snap election, hoping to strengthen her mandate for higher government spending.

AP Business Writers Chan Ho-him and Matt Ott contributed.

Trader Robert Finnerty Jr., foreground, works with colleagues on the floor of the New York Stock Exchange, Monday, Jan. 12, 2026. (AP Photo/Richard Drew)

Trader Sal Suarino works on the floor of the New York Stock Exchange, Monday, Jan. 12, 2026. (AP Photo/Richard Drew)

Specialist Meric Greenbaum works at his post on the floor of the New York Stock Exchange, Monday, Jan. 12, 2026. (AP Photo/Richard Drew)

A pair of traders work on the floor of the New York Stock Exchange, Monday, Jan. 12, 2026. (AP Photo/Richard Drew)

A dealer walks near the screens showing the foreign exchange rates at a dealing room of Hana Bank in Seoul, South Korea, Monday, Jan. 12, 2026. (AP Photo/Lee Jin-man)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Tuesday, Jan. 13, 2026, in Tokyo. (Kyodo News via AP)