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Ticker: Puerto Rico hit by blackout; Markets to close in honor of Carter 

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A blackout hit nearly all of Puerto Rico early Tuesday as the U.S. territory prepared to celebrate New Year’s, leaving more than 1.3 million clients in the dark. Officials said it could take up to two days to restore power.

The outage hit at dawn, plunging the island into an eerie silence as electrical appliances and air conditioners shut down before those who could afford generators turned them on.

“It had to be on the 31st of December!” exclaimed one man, who only gave his name as Manuel, as he stood outside a grocery store in the capital of San Juan, grumbling about the outage that coincided with his birthday. “There is no happiness.”

Nearly 90% of 1.47 million clients across Puerto Rico were left in the dark, according to Luma Energy, a private company that oversees electricity transmission and distribution.

Luma said in a statement that it appears the outage was caused by a failure of an underground power line, saying it is restoring power “in the quickest and safest way possible.” A Luma spokesman told The Associated Press that the incident was under investigation.

Markets to close in honor of Carter

U.S. stock markets will remain closed on Jan. 9 in honor of former President Jimmy Carter, continuing a long-held Wall Street tradition in mourning the nation’s leaders.

Both the New York Stock Exchange and Nasdaq announced this week that they plan to close their equity and options markets next Thursday in observance of a National Day of Mourning for the 39th U.S. president and global humanitarian. Carter died on Sunday at his home in Plains, Georgia. He was 100 years old.

The Nasdaq also observed a moment of silence early Monday in remembrance Carter. And the NYSE says it will fly its U.S. flag at half-staff throughout the mourning period of the late president.

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