Canadiens extend their winning streak to 4 games with a 3-2 win over the Flyers

MONTREAL (AP) — Nick Suzuki had a goal and an assist and the Montreal Canadiens scored three times in the third period, rallying to beat the Philadelphia Flyers 3-2 on Saturday night.

Suzuki’s short-handed goal gave him 83 points for the season. Brendan Gallagher scored his 20th of the season and Lane Hutson added a goal as Montreal (37-30-9) won its fourth straight. Sam Montembeault made 21 saves in his fifth straight start.

Ryan Poehling and Tyson Foerster scored for the Flyers (31-37-9), who saw their three-game winning streak halted. Samuel Ersson stopped 23 shots.

The Flyers fell to 3-1-0 under interim head coach Brad Shaw after John Tortorella was fired March 27. Philadelphia beat Montreal 6-4 at home later that day.

The Canadiens, who hold the final playoff spot in the Eastern Conference, have a four-point cushion over the New York Rangers.

Canadiens: Were without winger Josh Anderson, out for “personal reasons” after telling reporters Thursday his wife was expecting their first child any day. Oliver Kapanen, who rejoined the Canadiens on Wednesday after spending the bulk of his season in Sweden, was in the lineup.

Flyers: Karsen Dorwart made his NHL debut after signing with Philadelphia out of Michigan State last week. The 22-year-old college free agent had 31 points in 35 games with the Spartans.

Hutson floated the puck from a sharp angle near the goal line and fooled Ersson with a shot into the top right corner. It was Hutson's sixth of the season.

Hutson, with 63 points, is one behind Chris Chelios for the most points by a rookie defenseman in Canadiens franchise history.

The Flyers are at the New York Rangers on Wednesday. The Canadiens are at the Nashville Predators on Sunday.

AP NHL: https://apnews.com/hub/nhl

Philadelphia Flyers goaltender Samuel Ersson reacts after being scored on by Montreal Canadiens' Brendan Gallagher, not shown, during the third period of an NHL hockey game in Montreal, Saturday, April 5, 2025. (Graham Hughes/The Canadian Press via AP)

Philadelphia Flyers' Sean Couturier (14) is upended by Montreal Canadiens' Alexandre Carrier (45) as he moves in on Canadiens goaltender Sam Montembeault (35) during second period NHL hockey action in Montreal, Saturday, April 5, 2025. (Graham Hughes/The Canadian Press via AP)

Philadelphia Flyers' Noah Cates (27) moves in on Montreal Canadiens goaltender Sam Montembeault (35) as Canadiens' Joel Armia (40) defends during the first period of an NHL hockey game in Montreal, Saturday, April 5, 2025. (Graham Hughes/The Canadian Press via AP)

Montreal Canadiens' Patrik Laine (92) moves in on Philadelphia Flyers goaltender Samuel Ersson (33) during the first period of an NHL hockey game in Montreal, Saturday, April 5, 2025. (Graham Hughes/The Canadian Press via AP)

Montreal Canadiens' Brendan Gallagher (11) moves in on Philadelphia Flyers goaltender Samuel Ersson (33) as Flyers' Nick Seeler (24) defends during the second period of an NHL hockey game in Montreal, Saturday, April 5, 2025. (Graham Hughes/The Canadian Press via AP)

Montreal Canadiens goaltender Sam Montembeault (35) stops Philadelphia Flyers' Karsen Dorwart (23) during the first period of an NHL hockey game in Montreal, Saturday, April 5, 2025. (Graham Hughes/The Canadian Press via AP)

Montreal Canadiens' Brendan Gallagher (11) and Christian Dvorak (28) move in on Philadelphia Flyers goaltender Samuel Ersson (33) as Flyers' Nick Seeler (24) and Travis Sanheim (6) defend during the second period of an NHL hockey game in Montreal, Saturday, April 5, 2025. (Graham Hughes/The Canadian Press via AP)

NEW YORK (AP) — U.S. stocks on Thursday are giving back much of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still confusing and threatening the economy.

The S&P 500 was down 4.1% in midday trading, a day after surging 9.5% following President Donald Trump’s decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average was down 1,383 points, or 3.4%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 4.8% lower.

Even a better-than-expected report on inflation Thursday morning wasn’t enough to get U.S. stocks to add to their surges from the day before. Economists said the data wasn’t very useful because it offered a view only of the past, when inflation may rise in coming months because of tariffs.

“Trump blinks,” UBS strategist Bhanu Baweja wrote in a report about the president’s decision on tariffs, “but the damage isn’t all undone.”

Trump has focused more on China, raising his tariffs on its products to well above 100%. Even if that were to get negotiated down to something like 50%, and even if only 10% tariffs remained on other countries, Baweja said the hit to the U.S. economy could still be large enough to hurt expected growth for upcoming U.S. corporate profits.

U.S. stocks accelerated their losses Thursday after the White House clarified that Chinese imports will be tariffed at 145%, not the 125% rate that Trump had written about in his posting on Truth Social Wednesday, once his previous 20% fentanyl tariffs were included.

“Everything is still very volatile, because with Donald Trump, you don’t know what to expect,” said Francis Lun, chief executive of Geo Securities. “This is really big uncertainty in the market. The threat of recession has not faded.”

China, meanwhile, has reached out to other countries around the world in hopes of forming a united front against Trump.

The stock price of Warner Brothers Discovery, the company behind “A Minecraft Movie,” dropped 13.2% for one of Wall Street's sharpest losses after China said Thursday it will “appropriately reduce the number of imported U.S. films.” The Walt Disney Co.'s stock sank 7%

A spokesperson for the China Film Administration said it is “inevitable” that Chinese audiences would find American films less palatable given the “wrong move by the U.S. to wantonly implement tariffs on China."

That was after Trump and his Treasury secretary, Scott Bessent, sent a clear message to other countries Wednesday after announcing their tariff pause: “Do not retaliate, and you will be rewarded.”

The European Union on Thursday said it will put its trade retaliation measures on hold for 90 days and leave room for a negotiated solution.

It all demonstrates why many on Wall Street are preparing for more swings to hit markets, after the S&P 500 at one point nearly dropped into a “bear market” by almost closing 20% below its record. Often, the whipsaw moves have come not just day to day but also hour to hour. The S&P 500 still remains below where it was when Trump announced his sweeping set of tariffs last week on “Liberation Day.”

One encouraging signal had been coming from the bond market, where stress seemed to be easing.

The bond market has historically played the role of enforcer against politicians and economic policies it deemed imprudent. It helped topple the United Kingdom's Liz Truss in 2022, for example, whose 49 days made her Britain’s shortest-serving prime minister. James Carville, adviser to former U.S. President Bill Clinton, also famously said he'd like to be reincarnated as the bond market because of how much power it wields.

Earlier this week, big jumps for U.S. Treasury yields had rattled the market, so much that Trump said Wednesday he had been watching how investors were “getting a little queasy.”

Several reasons could have been behind the sharp, sudden rise, including hedge funds having to sell their Treasurys in order to raise cash or investors outside the United States dumping their U.S. investments because of the trade war. Regardless of the reasons behind it, higher yields on Treasurys crank up pressure on the stock market and push rates higher for mortgages and other loans for U.S. households and businesses.

But the 10-year Treasury yield has calmed over the last day, following Trump's U-turn on tariffs, and had fallen all the way back to 4.30% shortly after the release of the U.S. inflation data. That’s after it had shot up to nearly 4.50% Wednesday morning from just 4.01% at the end of last week.

But the yield began climbing again as the morning progressed, reaching 4.37%.

In stock markets abroad, indexes rallied across Europe and Asia in their first chances to trade following Trump’s pause. Japan’s Nikkei 225 surged 9.1%, South Korea’s Kospi leaped 6.6% and Germany’s DAX returned 5.4%.

AP writers Yuri Kageyama, Matt Ott and Huizhong Wu contributed.

Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Thursday, April 10, 2025. (AP Photo/Richard Drew)

Traders Bryan Masseria, left and Columb Lytle work on the floor of the New York Stock Exchange, Thursday, April 10, 2025. (AP Photo/Richard Drew)

Trader Fred Demarco, right, works on the floor of the New York Stock Exchange, Thursday, April 10, 2025. (AP Photo/Richard Drew)

Specialist Michael Gagliano works at his post on the floor of the New York Stock Exchange, Thursday, April 10, 2025. (AP Photo/Richard Drew)

A pair of traders work on the floor of the New York Stock Exchange, Thursday, April 10, 2025. (AP Photo/Richard Drew)

Traders work on the floor of the New York Stock Exchange, Thursday, April 10, 2025. (AP Photo/Richard Drew)

Trader John Bishop works on the floor of the New York Stock Exchange, Thursday, April 10, 2025. (AP Photo/Richard Drew)

People walk by the New York Stock Exchange, Thursday morning, April 10, 2025. (AP Photo/Richard Drew)

People walk by an electronic board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, April 10, 2025. (Kyodo News via AP)

A person walks past an electronic stock board at a securities firm in Tokyo Thursday, April 10, 2025. (Kyodo News via AP)

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, April 10, 2025. (AP Photo/Lee Jin-man)

A currency trader watches computer monitors at a foreign exchange dealing room in Seoul, South Korea, Thursday, April 10, 2025. (AP Photo/Lee Jin-man)

A currency trader walks by 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, April 10, 2025. (AP Photo/Lee Jin-man)

A currency trader prepares to work 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 foreign exchange dealing room in Seoul, South Korea, Thursday, April 10, 2025. (AP Photo/Lee Jin-man)

A currency trader watches computer monitors near the screen showing the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, April 10, 2025. (AP Photo/Lee Jin-man)

President Donald Trump is displayed on a television on the floor at the New York Stock Exchange in New York, Wednesday, April 9, 2025. (AP Photo/Seth Wenig)

A traders works on the floor at the New York Stock Exchange in New York, Wednesday, April 9, 2025. (AP Photo/Seth Wenig)