Klaebo closes on Winter Games record gold tally with another win, Sweden sweeps women's race

TESERO, Italy (AP) — Johannes Hoesflot Klaebo blazed to his second consecutive victory at the Milan Cortina Games in the cross-country sprint Tuesday to win his seventh Olympic gold medal and close in on the Winter Olympics record.

The 29-year-old Norwegian star separated from the field with a punishing late uphill run to finish in 3 minutes, 39.8 seconds, easing off in the home stretch to leave Ben Ogden of the United States 0.8 seconds behind. Another Norwegian, Oskar Opstad Vike, placed third, 6.8 seconds behind the leader.

Linn Svahn led a Swedish sweep in the women's competition, edging defending Olympic champion Jonna Sundling with Maja Dahlqvist in third place in a race watched by King Carl XVI Gustaf of Sweden.

Top-ranked Jessie Diggins of the United States was eliminated in the quarterfinals, compounding her disappointment after a fall in her opening race at the weekend.

Klaebo’s seven gold medals are one shy of the Winter Olympics record shared by three athletes. After his latest triumph, the world's top-ranked cross-country skier acknowledged that some of the pressure he felt at the start of the Games has now lifted.

“It was amazing,” he said. “My shape is good and I was a little bit more relaxed before this race than I was before Sunday.” America's Ben Ogden grabbed his country's first individual Olympic sprint medal in cross country, but said it was Klaebo's race to lose.

“Unbelievable, unbelievable. I just can’t, I can’t put into words. I’m just so thrilled,” the 25-year-old Vermont native said. “I’m proud to be the first in the sprint but there will be more, don’t you worry.” Klaebo high-fived and hugged Norway fans after his race, among them his fiancé Pernille Doesvik, who wore a jacket bearing a large image of the champion skier.

But it was the Swedish fans who had the most to celebrate, singing the national anthem with their skiers on all three places on the women's podium. “I think I have the best team and the best teammates,” said Sundling, who completed the sprint 1.5 seconds behind the leader's time of 4 minutes, 3.1 seconds. “I’m really happy to be a part of the team, our Swedish team,” she said. “It’s such a strong team and we always push each other to be better.”

AP Winter Olympics: https://apnews.com/hub/milan-cortina-2026-winter-olympics

Ben Ogden, of the United States celebrates after winning the silver medal in the cross-country skiing men's sprint classic at the 2026 Winter Olympics, in Tesero, Italy, Tuesday, Feb. 10, 2026. (AP Photo/Matthias Schrader)

Gold medalist Linn Svahn, center, silver medalist Jonna Sundling, left, and bronze medalist Maja Dahlqvist, all three of Sweden, pose together after the cross-country skiing women's sprint classic at the 2026 Winter Olympics, in Tesero, Italy, Tuesday, Feb. 10, 2026. (AP Photo/Evgeniy Maloletka)

Linn Svahn, of Sweden, crosses the finish line ahead of Jonna Sundling, and Maja Dahlqvist, both also of Sweden, to win the gold medal in cross-country skiing women's sprint classic at the 2026 Winter Olympics, in Tesero, Italy, Tuesday, Feb. 10, 2026. (AP Photo/Matthias Schrader)

Linn Svahn, of Sweden, crosses the finish line ahead of Jonna Sundling, also of Sweden, to win the gold medal in cross-country skiing women's sprint classic at the 2026 Winter Olympics, in Tesero, Italy, Tuesday, Feb. 10, 2026. (AP Photo/Matthias Schrader)

Gold medalist Johannes Hoesflot Klaebo, left, of Norway, looks back at silver medalist Ben Ogden, of the United States, and bronze medalist Oskar Opstad Vike, also of Norway, when approaching the finish line in the cross-country skiing men's sprint classic at the 2026 Winter Olympics, in Tesero, Italy, Tuesday, Feb. 10, 2026. (AP Photo/Matthias Schrader)

NEW YORK (AP) — Stocks are stalling on Wall Street after a report showed U.S. retailers made less money at the end of last year than economists expected. The S&P 500 edged up 0.1% in early trading Tuesday and remains close to its all-time high set a couple weeks ago. The Dow Jones Industrial Average rose 254 points, and the Nasdaq composite rose 0.1%. Treasury yields fell in the bond market following the weaker-than-expected report on retail sales. Coca-Cola fell after reporting revenue that came in below forecasts and giving an outlook that disappointed investors. Japanese stocks rose to another record.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

Wall Street shifted from small gains to losses early Tuesday amid another deluge of corporate earnings while Japan’s benchmark set another record after a historic election win for the nation’s first female prime minister.

Futures for the S&P 500 fell 0.1% before the opening bell, while Dow Jones Industrial Average futures were down 0.2%. Nasdaq futures were down less than 0.2%.

Coca-Cola slid nearly 4% after the beverage giant topped Wall Street's profit expectations but fell short on revenue targets. Coke's revenue rose 2% from the same quarter last year, helped by 4% price hikes in North America.

Spotify jumped 9.7% after it the streaming music and podcast platform reported that its monthly active users and subscribers each grew by double-digit percentages in the fourth quarter.

Ford Motor Co. releases its latest financial results after the closing bell Tuesday.

Coming later Tuesday morning is the government's latest retail sales data.

Also this week, the government on Wednesday issues its January jobs report, while Friday will bring the latest monthly reading of inflation at the consumer level.

Either report could sway expectations for what the Federal Reserve will do with interest rates. The Fed has put its cuts to interest rates on hold, but a weakening of the job market could push it to resume more quickly.

Too-hot inflation could keep it on hold for longer. One of the reasons the U.S. stock market remains close to records is the expectation that the Fed will continue cutting interest rates.

In Asian trading, Japan's benchmark Nikkei 225 jumped 2.3% to finish at 57,650.54, a record close. It jumped 3.9% to a record Monday after the landslide victory for Sanae Takaichi’s political party in Sunday's parliamentary election. Takaichi is expected to push through reforms intended to boost the economy and stock market.

“Japan’s fiscal stance could loosen further because the LDP’s supermajority will enable the new government to implement policies with few obstacles,” Fitch Ratings said in a report following the election, referring to Takaichi's Liberal Democratic Party.

“Policy choices under the new government are likely to focus on tax relief and growth-oriented investment spending, reflecting voter concerns over higher inflation and low income growth,” it said.

Hong Kong’s Hang Seng surged 0.6% to 27,183.15, while the Shanghai Composite added 0.1% to 4,128.37.

Australia's S&P/ASX 200 declined less than 0.1% to 8,867.40. South Korea's Kospi gained less than 0.1% to 5,301.69.

In Europe at midday, France’s CAC 40 was unchanged, while Britain’s FTSE 100 slipped 0.5%. Germany’s DAX was down 0.2%.

In energy markets, benchmark U.S. crude rose 21 cents to $64.57 a barrel. Brent crude, the international standard, advanced 31 cents to $69.35 a barrel.

The U.S. dollar fell to 155.08 Japanese yen from 155.88 yen. The euro cost $1.1894, down from $1.1918.

Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama

Trader Michael Milano works on the floor of the New York Stock Exchange, Friday, Feb. 6, 2026. (AP Photo/Richard Drew)

Trader Chris Lagana works on the floor of the New York Stock Exchange, Friday, Feb. 6, 2026, as the Dow Jones industrial average closed above the 50,000 level for the first time. (AP Photo/Richard Drew)

Specialist Anthony Matesic works at his post on the floor of the New York Stock Exchange, Friday, Feb. 6, 2026. (AP Photo/Richard Drew)

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, Feb. 10, 2026. (AP Photo/Ahn Young-joon)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top right, 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, Tuesday, Feb. 10, 2026. (AP Photo/Ahn Young-joon)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Feb. 9, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, Feb. 10, 2026. (AP Photo/Ahn Young-joon)