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Friday March 6, 1970
. . . where the 1970s live forever!

News stories from Friday March 6, 1970


Summaries of the stories the major media outlets considered to be of particular importance on this date:

  • President Nixon appealed to Great Britain and Russia to help reach a solution in Laos. It was the first presidential admission of U.S. involvement in Laos. No escalation in Laos is planned, but the Southeast Asia Treaty Organization agreement commits the U.S. to defend Thailand. [CBS]
  • Capitol Hill is focused on the Laotian controversy. The President's statement today reveals no awareness of the potential danger of U.S. involvement in Laos. Senator John Sherman Cooper urged the immediate withdrawal from Laos. Senate criticism of the administration's foreign policy may continue. [CBS]
  • The U.S. embassy in South Vietnam may have saved South Vietnamese assemblyman Tran Ngoc Chau from being convicted, had it publicly acknowledged Chau's CIA activity. Instead, Chau was sentenced to 10 years at hard labor. [CBS]
  • Israel issued an ultimatum that there will be a major attack on Egypt if Arab guerrilla activities are not stopped. [CBS]
  • U.S. embassy official Sean Holly was kidnapped in Guatemala. [CBS]
  • Unemployment is the highest in 4½ years, largely due to auto factory shutdowns. [CBS]
  • The United Mine Workers will fight government charges of union election fraud. UMW president Tony Boyle vowed that he will prevail in court and professed his innocence of fraud charges. Mine workers are divided in loyalty between Boyle and the murdered Joseph Yablonski. [CBS]
  • Railroad sheet metal workers are boycotting government negotiations and have refused government mediation of their strike. [CBS]
  • The Interstate Commerce Commission rejected railroads' request for a 6% freight rate increase. [CBS]
  • Lyndon Johnson's condition was reported as stable and improving. [CBS]
  • Mrs. Nixon completed her campus tour. She acknowledged students' right to protest but said that volunteer work is more constructive. [CBS]
  • President Nixon signed the $19.4 billion Department of Health, Education and Welfare bill. [CBS]
  • A 200-mile oil slick hit the Alaska coastline; wildlife are dying. No help is possible. [CBS]
  • A Los Angeles judge declared that murder suspect Charles Manson is incapable of his own defense and assigned him a lawyer. The judge jailed three Manson followers for contempt today. [CBS]
  • A total solar eclipse will take place tomorrow. [CBS]


Stock Market Report

Dow Jones Industrial Average: 784.12 (-3.43, -0.44%)
S&P Composite: 89.44 (-0.56, -0.62%)
Arms Index: 1.64

IssuesVolume*
Advances4902.64
Declines8257.31
Unchanged2841.03
Total Volume10.98
* in millions of shares

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
DateDJIAS&PVolume*
March 5, 1970787.5590.0011.37
March 4, 1970788.1590.0411.85
March 3, 1970787.4290.2311.70
March 2, 1970780.2389.7112.27
February 27, 1970777.5989.5012.89
February 26, 1970764.4588.9011.54
February 25, 1970768.2889.3513.21
February 24, 1970754.4287.9910.81
February 20, 1970757.4688.0310.79
February 19, 1970757.9287.7612.89


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