News stories from Monday June 1, 1970

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

American astronaut Neil Armstrong is visiting Moscow; he received a cold reception. [CBS] Senator Margaret Chase Smith spoke against McCarthyism 20 years ago; today she denounced both right-wing and left-wing extremists. Smith wants the "silent majority" to speak up. She fears that a government of anarchy or repression may be coming. [CBS] White House press secretary Ron Ziegler vowed that there will be no American air or logistical support after U.S. troops leave Cambodia. [CBS] NBC and CBS news crews are missing in Cambodia. The reporters were last seen on Highway 3 past the last allied roadblock; Cambodian troops said that one car was gutted by fire, but no bodies were found. Reporters George Syvertsen and Gerald Miller are apparently in the Communists' hands. [CBS] Thailand stated that it will aid Cambodia and send troops. [CBS] A majority of Senators are urging the U.S. to sell jets to Israel. [CBS] Israel bombed Egypt, Lebanon and Jordan in retaliation for Arab attacks. [CBS] The death toll from the Peru earthquake is rising; thousands are feared dead. [CBS] Eight primaries will be held tomorrow; the Alabama run-off is particularly important. George Wallace's victory is uncertain; Wallace has made race the key issue. Governor Albert Brewer, Wallace's opponent, is Wallace's former Lt. Governor. Wallace claims that the Alabama election has national importance. Its outcome will influence President Nixon. [CBS] The administration announced plans to fight oil pollution; polluters will pay for the cleanup of oil spills. [CBS]

Stock Market Report

Dow Jones Industrial Average: 710.36 (+9.92, +1.42%)
S&P Composite: 77.84 (+1.29, +1.69%)
Arms Index: 1.01

	Issues	Volume*
Advances	1,063	10.55
Declines	344	3.46
Unchanged	180	1.02
Total Volume		15.03

* 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
Date	DJIA	S&P	Volume*
May 29, 1970	700.44	76.55	14.63
May 28, 1970	684.15	74.61	18.91
May 27, 1970	663.20	72.77	17.46
May 26, 1970	631.16	69.29	17.03
May 25, 1970	641.36	70.25	12.66
May 22, 1970	662.17	72.25	12.17
May 21, 1970	665.25	72.16	16.71
May 20, 1970	676.55	73.52	13.02
May 19, 1970	691.40	75.46	9.48
May 18, 1970	702.81	76.96	8.28