Lacey Eden scores 2 of the United States' 5 goals in the first period and the Americans rout Canada

SAN JOSE, Calif. (AP) — Wisconsin senior Lacey Eden scored two of the United States' five first-period goals and the Americans routed Canada 7-2 on Wednesday night in the opener of the Rivalry Series.

The last time the two teams met, Canada played spoiler on U.S. territory, winning the IIHF Women’s World Championships in April.

But Team USA continued its dominance in the Rivalry Series, winning the first game for the fifth straight time in the series for an overall record of 9-3-3-7.

Abbey Murphy also scored two goals for the United States. Murphy, the potential first overall pick of next summer’s PWHL draft, opened the scoring midway through the first period on a one-timer off a loose puck just before a penalty expired. A little over a minute later, defender Savannah Harmon redirected Grace Zumwinkle's cross off the post and in to make it 2-0.

Eden scored back-to-back goals later in the first period. She tipped in Megan Keller's shot in front of the goal for a 3-0 lead and then she sent a shot from a difficult angle off the pads of Kristen Campbell into the net.

Alex Carpenter gave Team USA a 5-0 lead with 24.9 seconds left in the first period on a backhand shot following Kirsten Simms' steal and pass.

Hannah Bilka scored on a power play early in the second period against backup goaltender Ann-Renee Desbiens for a 6-0 advantage. Murphy scored her second goal 90 seconds into the third to cap the scoring.

Blayre Turnbull and Sarah Nurse each scored for Canada late in the second period.

The five-game series continues on Friday in Salt Lake City. Game 3 will be in Boise, Idaho, on Sunday before the series shifts to Halifax, Nova Scotia on Feb. 6.

AP sports: https://apnews.com/sports

Canada head coach Troy Ryan talks with his player during a timeout against United States in the first period of a women's Rivalry Series hockey game in San Jose, Calif., Wednesday, Nov. 6, 2024. (AP Photo/Tony Avelar)

Canada forward Blayre Turnbull (40) is congratulated by teammates after scoring a goal against the United States during the second period of a women's Rivalry Series hockey game in San Jose, Calif., Wednesday, Nov. 6, 2024. (AP Photo/Tony Avelar)

U.S. defenseman Haley Winn (8) skates up the ice past Canada forward Brianne Jenner (19) during the first period of a women's Rivalry Series hockey game in San Jose, Calif., Wednesday, Nov. 6, 2024. (AP Photo/Tony Avelar)

Canada goaltender Kristen Campbell (50) can not make a stop on a goal by U.S. defenseman Savannah Harmon during the first period of a women's Rivalry Series hockey game in San Jose, Calif., Wednesday, Nov. 6, 2024. (AP Photo/Tony Avelar)

Canada defenseman Renata Fast (14) skates with the puck against U.S. forward Gabbie Hughes (36) during the first period of a women's Rivalry Series hockey game in San Jose, Calif., Wednesday, Nov. 6, 2024. (AP Photo/Tony Avelar)

Canada defense Ella Shelton (17) battles for the puck against U.S. forward Lacey Eden (7) during the first period of a women's Rivalry Series hockey game in San Jose, Calif., Wednesday, Nov. 6, 2024. (AP Photo/Tony Avelar)

U.S. goaltender Aerin Frankel (31) blocks a shot by Canada forward Kristin O'Neill (43) during the first period of a women's Rivalry Series hockey game in San Jose, Calif., Wednesday, Nov. 6, 2024. (AP Photo/Tony Avelar)

Canada defenseman Jaime Bourbonnais (25) skates up the ice past United States forward Tessa Janecke (22) during the first period of a women's Rivalry Series hockey game in San Jose, Calif., Wednesday, Nov. 6, 2024. (AP Photo/Tony Avelar)

U.S. goaltender Aerin Frankel (31) blocks a shot against Canada during the first period of a women's Rivalry Series hockey game in San Jose, Calif., Wednesday, Nov. 6, 2024. (AP Photo/Tony Avelar)

United States forward Lacey Eden (7) is congratulated by the teammates after scoring a goal against Canada during the first period of a women's Rivalry Series hockey game in San Jose, Calif., Wednesday, Nov. 6, 2024. (AP Photo/Tony Avelar)

U.S. defense Savannah Harmon, center, celebrates with teammate Grace Zumwinkle (13) after scoring a goal against Canada during the first period of a women's Rivalry Series hockey game in San Jose, Calif., Wednesday, Nov. 6, 2024. (AP Photo/Tony Avelar)

Shares recovered from early losses in Asia on Thursday after U.S. stocks stormed to records as investors wagered on what Donald Trump’s return to the White House will mean for the economy and the world.

Markets also were turning their attention to the Federal Reserve’s decision on interest rates, due later in the day.

Japan's Nikkei 225 fell 0.4% to 39,339.74, reflecting worries over the potential for a revival of trade tensions under a Trump administration.

“I think everybody’s going to be worried about Trump's tariffs because that’s one of the things in his playbook. And so we’ll have to see how things develop in the early stages of his presidency this time," said Neil Newman, head of strategy for Astris Advisory Japan.

In Seoul, the Kospi rebounded to pick up 0.5%, to 2,576.30. Australia's S&P/ASX 200 edged 0.1% higher to 8,204.80.

Chinese shares also climbed. Hong Kong's Hang Seng gained 0.9% to 20,729.01. The Shanghai Composite index also was 0.9% higher, at 3,413.47.

Share prices rallied after the government reported that Chinese exports jumped nearly 13% in October over a year earlier, the fastest pace in more than two years and far outpacing the 2.4% increase in September.

Trump has promised to slap blanket 60% tariffs on all Chinese imports, raising them still more if Beijing makes a move to invade the self-governing island of Taiwan.

Investors are adding to bets built earlier on what the higher tariffs, lower tax rates and lighter regulation that Trump favors will mean. Higher tariffs on imports from China would add to the burdens Beijing is facing as it struggles to revive slowing growth in the world's second-largest economy.

But the impact may be less drastic than feared, Zichun Huang of Capital Economics said in a report.

“We expect shipments to stay strong in the coming months –- any drag from potential Trump tariffs may not materialize until the second half of next year," Huang said.

Still, higher tariffs on imports from China, Mexico and other countries would raise the risk of trade wars and other disruptions to the global economy.

Trump's win raised expectations that Beijing may ramp up its spending and other stimulus to counter such trends. The Standing Committee of China's legislature is meeting this week and is expected to announce further measures by Friday.

Francis Lun, CEO of Geo Securities, said domestic issues were a greater concern than tariffs. "People want the government to spend some money to boost the economy, instead of looking outward,” he said.

On Wednesday, the U.S. stock market, Elon Musk’s Tesla, banks and bitcoin all stormed higher, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world. Among the losers the market sees: the renewable-energy industry and potentially anyone worried about higher inflation.

The S&P 500 rallied 2.5% to 5,929.04 for its best day in nearly two years. The Dow Jones Industrial Average surged 3.6% to 43,729.93, while the Nasdaq composite jumped 3% to 18,983.47. All three indexes topped records they had set in recent weeks.

The impact of Trump's second term will likely depend on whether his fellow Republicans win control of Congress, and that’s not yet clear.

Investors see Trump’s policies potentially leading to stronger economic growth. That helps push prices down and yields up for Treasurys. Tax cuts under Trump could further swell the U.S. government’s deficit, increasing borrowing and forcing yields even higher. The yield on the 10-year Treasury jumped to 4.43% from 4.29% late Tuesday, which is a major move for the bond market. It’s up substantially from August, when it was below 4%.

Investors expect the incoming president's policies, particularly higher tariffs, to fan inflation and add costs to U.S. household bills. Sharp cutbacks in immigration could also leave businesses shorthanded, forcing companies to raise wages for workers faster and putting more upward pressure on prices.

Much of Wall Street’s run to records this year was built on expectations for coming cuts to interest rates by the Federal Reserve, as inflation has headed back down to its 2% target. Easier interest rates help boost the economy, but they can also give inflation more fuel.

The Fed will announce its latest decision on interest rates Thursday, where the expectation is still for a cut, according to data from CME Group. But traders are already paring back forecasts for how many cuts the Fed will provide through the middle of next year.

In other dealings early Thursday, the U.S. dollar weakened against the Japanese yen, slipping to 154.46 from 154.62. The euro rose to $1.0740 from $1.0730.

U.S. benchmark crude oil gained 45 cents to $72.14 per barrel. Brent crude, the international standard, was up 55 cents at $75.47.

The price of bitcoin slipped to $75,780 after hitting an all-time high above $76,480 on Wednesday, according to CoinDesk. Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin.

AP Business Writer Stan Choe contributed to this report.

A man passes a video monitor on the side of the New York Stock Exchange in New York's Financial District on Tuesday, Nov. 5, 2024. (AP Photo/Peter Morgan)

A board above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Wednesday, Nov. 6, 2024. (AP Photo/Richard Drew)

People pass the New York Stock Exchange in New York's Financial District on Tuesday, Nov. 5, 2024. (AP Photo/Peter Morgan)

A TV camera screen shows the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)

Members of media stand near the screens showing the Korea Composite Stock Price Index (KOSPI), left, the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)

A currency trader talks on the phone at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)

A tv cameraman films the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)

A currency trader walks by the screens showing the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)