News stories from Wednesday April 22, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Earth Day crowds were smaller than expected at demonstrations in New York City, Miami, Washington, Detroit, Chicago and elsewhere. [CBS]
- The Agriculture Department reported that a prohibition on herbicides would cost Americans $1 billion per year. [CBS]
- The White House is preparing a message on the draft and the all-volunteer Army. President Nixon is expected to end most deferments. The draft lottery system will be aided by more equal liability. [CBS]
- The Communist drive continued in Cambodia; Phnom Penh could be surrounded in two weeks. The North Vietnamese attacked Takeo and still hold Saang. Vietnamese civilians are being used as shields; many have been killed. As South Vietnamese troops fought Communists in Cambodia, the U.S. reported that four helicopters were downed in South Vietnam and four planes were lost in Laos. [CBS]
- The black power uprising in Trinidad continued. Six U.S. warships were sent to evacuate Americans and to give the government small arms. [CBS]
- There is martial law in Colombia, as Gustavo Rojas' supporters have been rioting for two days. Rojas is under house arrest. [CBS]
- A terrorist grenade wounded 16 in Nablus, Jordan. [CBS]
- The cost of living was reported to be up 0.5%. Mortgages and medical costs were up the most. [CBS]
- The 37-day-old Atlanta garbage strike ended with a 4.3% pay increase. The strikers were granted amnesty. [CBS]
- Senator Edward Kennedy found himself in the middle of a Black Panther trial protest in New Haven, Connecticut. Students at Yale University demanded that the university defend the arrested Panthers and asked Kennedy for his comments. Kennedy stated that he won't support violence. [CBS]
- Yale chaplain William Coffin was cleared of an anti-draft charge. Dr. Benjamin Spock and others were also cleared. [CBS]
- A Washington, DC, judge dismissed a suit to end Army spying on civilians. The ACLU-led groups want the Army's records to be destroyed. The judge said that the Army has a right to spy on sources of trouble. [CBS]
- The government accused Westinghouse and Japanese firms in an antitrust suit. The companies had agreed not to export goods but exchanged licenses and patent agreements. [CBS]
- As NATO observers watched, the Soviet Union launched the biggest naval exercises in history to celebrate Vladimir Lenin's birthday. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 762.61 (-9.90, -1.28%)
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* |
| April 21, 1970 | 772.51 | 85.38 | 8.49 |
| April 20, 1970 | 775.87 | 85.83 | 8.20 |
| April 17, 1970 | 775.94 | 85.67 | 10.99 |
| April 16, 1970 | 775.87 | 85.88 | 10.25 |
| April 15, 1970 | 782.60 | 86.73 | 9.41 |
| April 14, 1970 | 780.56 | 86.89 | 10.84 |
| April 13, 1970 | 785.90 | 87.64 | 8.81 |
| April 10, 1970 | 790.46 | 88.24 | 10.02 |
| April 9, 1970 | 792.50 | 88.53 | 9.06 |
| April 8, 1970 | 791.64 | 88.49 | 9.07 |