What we’re watching Tuesday

BY newsdesk  December 31, 2013 at 10:00 AM EST

Video by Associated Press

North Dakota crude oil train derailment

Authorities urged residents of Casselton, N.D. to evacuate the small town Monday night when a train carrying crude oil derailed nearby, the Associated Press reports. Some cars caught fire and exploded, resulting in a plume of black smoke that could pose potential health hazards.

Dow and S&P hit records

The Dow and the S&P 500 are on track to close out the year with their best annual performances since the late 1990s, both with gains above 25 percent, Reuters reports.

Death toll rises to 34 in Volgograd suicide bombings

Investigators said Tuesday that the Sunday and Monday attacks in the Russian city of Volgograd have claimed 34 lives, the BBC reports. In his first address on the two suicide attacks, Russian President Vladimir Putin said, “We will fiercely and consistently continue the fight against terrorists until their complete annihilation.”

Dubai to set new world record for the New Year

As the world bids farewell to 2013, local newspaper The Diplomat reports that Dubai is attempting to set a new world record for the largest fireworks display to ring in the New Year.