News stories from Monday March 2, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Nixon apologized to French President Georges Pompidou for American demonstrations launched against him. Pompidou canceled a meeting with American Jewish leaders today, upsetting them further. Mayor John Lindsay refused to welcome Pompidou during his visit to New York City. [CBS]
- Jordan's King Hussein denounced American aid to Israel as providing a source for new all-out conflict in the Middle East. [CBS]
- Former President Lyndon Johnson was hospitalized in San Antonio with chest pains; there was no sign of a recent heart attack. [CBS]
- The Democratic National Committee repeated its appeal to Lawrence O'Brien to accept the party's chairmanship. O'Brien can name his own terms in accepting the position; the national committee is desperate for leadership. [CBS]
- The Supreme Court ruled that unregistered draft evaders are liable for prosecution only until their 23rd birthday unless they fled the country to avoid induction. Georgia Governor Lester Maddox lost his Supreme Court suit to amend the one-term limit as governor clause in Georgia constitution. [CBS]
- Anti-draft leaders hope to bury the Selective Service under paper by complying with the requirement to notify the board in writing of any change in status. [CBS]
- Mrs. Pat Nixon began a five-state tour of college campuses, accompanied by Lenore Romney, the wife of George Romney and a Senate candidate in Michigan. The "non-political" trip will praise student community project volunteers. [CBS]
- Senate Majority Leader Mike Mansfield says that both the United States and North Vietnam are involved in Laos "up to their necks". [CBS]
- North Vietnam may boycott the Paris Peace Talks due to President Nixon's failure to replace Henry Cabot Lodge. [CBS]
- It was announced that most of the 43,000 U.S. Marines in Vietnam will be withdrawn by mid-July. [CBS]
- South Vietnamese legislator Tran Ngoc Chau's retrial began today. Three of his defense attorneys have already quit, alleging a predetermined guilty verdict. [CBS]
- An offshore Louisiana oil platform is still burning. The Chevron oil well has been burning for 21 days and threatens the gulf oyster industry with spilled fuel. [CBS]
- An arsenal exploded in La Paz, Bolivia, killing 19 soldiers; the cause is unknown. [CBS]
- Dr. Timothy Leary was sentenced to a 10-year prison term for smuggling marijuana from Mexico to Texas. He was then taken to Santa Ana, California, to be tried on another drug charge. [CBS]
- A federal judge barred four labor unions from striking against individual railroads. The unions' response may be a national strike call. [CBS]
- Moon dust was stolen from a Los Angeles display, then recovered by Los Angeles police. The Apollo 13 astronauts will be quarantined for three weeks after returning from the moon. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 780.23 (+2.64, +0.34%)
Arms Index is the ratio of volume per declining issue to volume per advancing issue; a figure below 1.0 is bullish. | |||||||||||||||
| Market Index Trends | |||
|---|---|---|---|
| Date | DJIA | S&P | Volume* |
| February 27, 1970 | 777.59 | 89.50 | 12.89 |
| February 26, 1970 | 764.45 | 88.90 | 11.54 |
| February 25, 1970 | 768.28 | 89.35 | 13.21 |
| February 24, 1970 | 754.42 | 87.99 | 10.81 |
| February 20, 1970 | 757.46 | 88.03 | 10.79 |
| February 19, 1970 | 757.92 | 87.76 | 12.89 |
| February 18, 1970 | 756.80 | 87.44 | 11.95 |
| February 17, 1970 | 747.43 | 86.37 | 10.14 |
| February 16, 1970 | 753.70 | 86.47 | 9.78 |
| February 13, 1970 | 753.30 | 86.54 | 11.06 |