News stories from Friday April 24, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The Nixon administration says that Cambodia is the victim of a foreign invasion, not a civil war. The White House is preparing Americans for increased involvement in Cambodia; 40,000 Communists have invaded the country. The United States could supply more arms and send Cambodians who are currently fighting in South Vietnam home. This is the same way that U.S. involvement in Vietnam started. [CBS]
- Communists in Cambodia have cut Phnom Penh off from major ports; foreign embassies are evacuating. The Cambodian government believes that Vietnamese in the country are a fifth column for the enemy, which is why some were killed. [CBS]
- A New York City political protest almost became a tragedy when an assassination attempt was made on Chiang Kai-shek's son. The bullet missed; two persons were arrested. The gunman was grabbed just before he shot. [CBS]
- Anarchists stoned Pope Paul's motorcade and fought with police in Sardinia, Italy. [CBS]
- Israeli bombers hit Egypt, Syria and Jordan in retaliation for Arab attacks. [CBS]
- Haitian Coast Guard crews mutinied and fired on Port au Prince. The government reported that the situation is under control. In Trinidad the rebels have surrendered and black power leaders are now under arrest. [CBS]
- The Apollo 13 crewmen visited Congress, where James Lovell and Jack Swigert received a warm Senate welcome. The trouble which affected Apollo 13 has been corrected and Apollo 14's October launch may be on schedule. [CBS]
- Private businesses are pledging $2 billion for home mortgages, which will help lessen the housing shortage. [CBS]
- The Teamsters are proposing a solution to the trucking strike and will submit a new contract for a $1.10 per hour raise over three years. Chicago and other union locals may still hold out for more, however. [CBS]
- Arsonists destroyed the work of scholars at Stanford University when their firebombs hit the Center for Advanced Studies. [CBS]
- Yippie leader Abbie Hoffman and singer Grace Slick tried to crash Tricia Nixon's party, and were thrown out of the White House. [CBS]
- Congress heard My Lai testimony from General Samuel Koster, who is accused of dereliction of duty. Congress is upset at the Army's lack of cooperation with the investigation. In South Vietnam, the village of My Lai has been abandoned. As a refugee village, it was crowded and was being harassed by the Viet Cong. Most Vietnamese in the area won't accept help from Americans. My Lai has bad luck and bad memories for the survivors. [CBS]
- The chairman of the House Rules Committee shelved a resolution to handle William O. Douglas' impeachment investigation. Liberal Rep. Emanuel Celler will head the investigating committee, which is a setback for anti-Douglas forces. [CBS]
- Humorist Herb Shriner and his wife died in a Del Rey, California, car wreck. [CBS]
- Karate experts fought each other to the death in Seattle; a sword was used. [CBS]
|
Stock Market Report
Dow Jones Industrial Average: 747.29 (-3.30, -0.44%)
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 23, 1970 | 750.59 | 83.04 | 11.05 |
| April 22, 1970 | 762.61 | 84.27 | 10.78 |
| 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 |