News stories from Tuesday June 2, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The earthquake in Peru is said to have killed 30,000 people. Dams have burst, roads are blocked and survivors are isolated; some looting is reported. [CBS]
- U.S. Senators want the Soviets to withdraw from the Mideast, and they want American jets to be sold to Israel; the White House may yield to Senate pressure and authorize the sale. Secretary of State William Rogers and Soviet Ambassador Anatoly Dobrynin discussed U.S.-Russian involvement in the Mideast; both are rigid, but worried. Another meeting is scheduled next week. [CBS]
- Israel bombed Egyptian missile sites near the Suez. [CBS]
- The White House is sending a delegation to Indochina. The task force of politicians is assigned to report the facts and increase public support for the Cambodian invasion. Governors, Congressmen and Senators are in the party which is leaving tomorrow for one week. [CBS]
- The top South Vietnamese division was hit hard near the DMZ. Fighting in Cambodia took place along the Mekong River. [CBS]
- A Cambodian rescue team was repulsed from the site where American reporters were captured; George Syvertsen, Gerald Miller and Welles Hangen are still missing. [CBS]
- A top business executive told the Senate Foreign Relations Committee that he wants total U.S. withdrawal from Indochina. IBM executive Thomas Watson wants America to pull out because the war is hurting the U.S. economy and morale. [CBS]
- National Institute of Mental Health director Stanley Yolles has quit in disagreement with Nixon administration policy. [CBS]
- A federal study reported that consumer protection programs are a farce; the organizations protect industries from legitimate public demands. [CBS]
- Nikita Khrushchev is in the hospital after suffering a heart attack. [CBS]
- The two-man Soviet spacecraft's orbit is good; astronauts Neil Armstrong and Alan Bean, who are currently visiting Moscow, said that they hope the Russian mission is a success and they gave presents to Soviet Premier Alexei Kosygin. [CBS]
- The chairman of the Apollo review board reported that human error during pre-launch tests was the cause of Apollo 13's later explosion. [CBS]
- Federal Communications Commission chairman Dean Burch says that he favors reduced political advertising rates. Senator William Fulbright wants television time for Congress as well as the President; Fulbright opposes President Nixon's television monopoly. [CBS]
- University of Wisconsin scientists have created the first man-made gene as a step toward the creation of life and correction of disease. [CBS]
- Writer John Gunther's funeral was held today. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 709.61 (-0.75, -0.11%)
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* |
| June 1, 1970 | 710.36 | 77.84 | 15.02 |
| 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 |