NEW YORK (AP) — Bo Horvat and Anthony Duclair scored to lead the New York Islanders past Tampa Bay 2-1 on Tuesday night, ending the Lightning's seven-game winning streak.
Ilya Sorokin made 28 saves for his eighth win of the season as the Islanders snapped a three-game skid.
Dominic James scored and Andrei Vasilevskiy stopped 21 shots for the Lightning, who lead the Atlantic Division.
The Islanders opened the scoring 55 seconds into the second period when Horvat corralled his own rebound and buried it. Horvat, who leads New York with 16 goals, is making a strong case to represent Team Canada at the 2026 Olympics in Milan.
Duclair doubled the lead at 5:30 of the third. Callum Ritchie, the 20-year-old forward acquired as the headline piece in last season’s Brock Nelson trade, picked up an assist.
James spoiled Sorokin’s shutout bid with a sharp-angled shot with 4:34 remaining in the third.
Lightning: Host the Pittsburgh Penguins on Thursday.
Islanders: Host the Colorado Avalanche on Thursday, concluding a seven-game homestand.
AP NHL: https://www.apnews.com/hub/NHL
New York Islanders goaltender Ilya Sorokin sprays water on his face in the third period of an NHL hockey game against the Boston Bruins, Wednesday, Nov. 26, 2025, in Elmont, N.Y. (AP Photo/Adam Hunger)
New York Islanders center Bo Horvat (14) celebrates with, from left to right, center Kyle Palmieri, defenseman Ryan Pulock, and defenseman Matthew Schaefer after scoring during the second period of an NHL hockey game against the Detroit Red Wings, Thursday, Nov. 20, 2025, in Detroit. (AP Photo/Ryan Sun)
Artificial-intelligence stocks are falling again on Friday, but smaller U.S. stocks and other areas of the market that used to get left behind by Big Tech are picking up the slack. That’s keeping Wall Street indexes near their record heights.
The S&P 500 edged down by less than 0.1% in early trading, coming off its latest all-time high. The Dow Jones Industrial Average was adding 91 points, or 0.2%, to its own record, while the weakness for tech had the Nasdaq composite down 0.2%, as of 9:40 a.m. Eastern time.
Broadcom fell 7.7% even though the chip company reported a stronger profit for the latest quarter than analysts expected. Analysts called the performance from the AI heavyweight solid, and CEO Hock Tan said strong 74% growth in AI semiconductor revenue helped lead the way.
But investors may have been concerned with some of Broadcom’s financial forecasts, including how much profit it can squeeze out of each $1 of revenue. The chip company may also have simply run out of momentum after its stock came into the day with a surge of 75.3% for the year so far, more than quadruple the S&P 500’s gain.
Broadcom’s stumble came a day after Oracle plunged nearly 11% despite likewise reporting a bigger profit for the latest quarter than analysts expected.
Doubts remain about whether all the spending that Oracle is doing on AI technology will end up being worth it. Such questions are weighing on the AI industry broadly, even as many billions of dollars continue to flow in.
It’s a return toward Earth for AI superstars, which earlier had been the main engine sending Wall Street higher and appeared to be nearly unstoppable. Other stocks that used to struggle with uncertainty about the U.S. economy’s strength and what the Federal Reserve will do with interest rates, meanwhile, are climbing.
The smallest U.S. stocks in the Russell 2000 index have leaped 2.8% so far this week, much better than the 0.2% dip for the Nasdaq composite, which is packed with tech stocks.
The blue chip stocks in the Dow Jones Industrial Average, which has much less of an emphasis on tech, have also been beating the rest of the market. Visa, which rose 0.7%, was again one of the strongest forces lifting the Dow.
Now, investors are feeling more optimistic about interest rates. The Fed earlier this week cut its main interest rate for the third time this year and indicated another cut may be ahead in 2026. Wall Street loves lower interest rates because they can boost the economy and send prices for investments higher, even if they potentially make inflation worse.
The Fed’s chair, Jerome Powell, did hint on Wednesday that interest rates may be on hold for a while. But he helped soothe nerves when his comments appeared less harsh than some investors expected in shutting off the possibility of more cuts in 2026.
Strong profit reports from companies have also helped to support their stock prices.
Lululemon Athletica jumped 12% to for the biggest gain in the S&P 500 after reporting stronger profit and revenue for the three months through Nov. 2 than analysts expected. It also said its CEO, Calvin McDonald, plans to step down at the end of January following pressure to boost revenue.
In stock markets abroad, indexes rose across most of Europe and Asia.
Stocks jumped 1.7% in Hong Kong and rose 1.4% in Tokyo for two of the world’s bigger gains.
In the bond market, Treasury yields rose. The yield on the 10-year Treasury climbed to 4.18% from 4.14% late Thursday.
AP Writers Teresa Cerojano and Matt Ott contributed.
Trader William Lawrence works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Dec. 12, 2025. (AP Photo/Ahn Young-joon)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Dec. 12, 2025. (AP Photo/Ahn Young-joon)
A board above the trading floor of the New York Stock Exchange displays the closing number for the Dow Jones industrial average, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Dec. 12, 2025. (AP Photo/Ahn Young-joon)
