- US stocks closed at record highs on Tuesday amid a country-wide snowstorm that sparked a surge in energy stocks.
- Single-digit temperatures and a blanket of snow in states like Texas led to unprecedented spikes in energy demand and rolling blackouts.
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The Dow closed at record highs on Tuesday as $4 led to an unprecedented $4 The
The energy sector soared as much as 3% on Tuesday as oil and natural gas prices continued higher on what seemed to be more snow in the forecast for much of the country this week.
Investor enthusiasm towards a reopened economy is also helping stock prices as daily COVID-19 cases continue to plunge while vaccination rates remain on the rise.
Here's where US indexes stood at the 4:00 p.m. ET close on Tuesday:
Single-digit temperatures and a blanket of snow in Texas over the weekend caused chaos for the state's energy infrastructure, leading to $4 Rolling blackouts were implemented to help prevent the state's energy grid from melting down, and $4
The rolling blackout helped $4 on Tuesday. The company develops, manufactures, and sells backup power systems like generators for homes and businesses.
$4 on Tuesday, signalling that investors continue to be in a risk-on environment. Bitcoin mining equipment maker $4 the cryptocurrency's move higher.
$4 is continuing $4 with plans to raise $600 million from convertible debt to buy more of the cryptocurrency. Shares jumped 5% on the news.
Ark Invest is also benefiting from the rise in bitcoin prices. The investment management firm, founded by Cathie Wood, now $4
$4 as freezing weather hit more than half the country, with Texas residents suffering from rolling blackouts as its electricity grid was overwhelmed by the increased demand for energy.
Oil prices were mixed. $4 jumped as much as 1.21%, to $60.19 per barrel. $4, oil's international benchmark, was down 0.24%, to $63.45 per barrel.
$4 fell 1.5%, to $1,795.50 per ounce.