News stories from Tuesday September 8, 1970

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

The U.S. is seeking the release of 180 American hostages on hijacked jets; 100 women and children were freed by the Palestinian hijackers. The Popular Front for the Liberation of Palestine is a Marxist guerrilla movement. The captors say that they'll blow up the planes and the people on board if Arab prisoners are not freed, including 3,000 in Israel; the guerrillas denied demanding the release of Sirhan Sirhan. [CBS] Israel has formally withdrawn from the United Nations' Mideast peace talks. [CBS] 10,000 American troops are to leave Thailand by October 1, and two fighter squadrons will leave South Vietnam. Communists caused heavy South Vietnamese casualties near Danang today; Cambodian forces are slowly advancing toward Kompong Thom, Cambodia.A hawkish group called Students for a Just Peace visited Indochina. In Phnom Penh the students sang and supported the Lon Nol regime and helped dig trenches. A student spokesman said that he wants the Cambodians and South Vietnamese to know that Americans support them. [CBS] The Nixon administration is urging South Vietnam Vice President Nguyen Cao Ky not to speak at a Washington, DC pro-war rally; new antiwar protests are feared. [CBS] Defense Secretary Melvin Laird reported that reserves and the National Guard will provide extra strength for the military and ease pressure on the draft. [CBS] In New York City, eleven crewmen were killed in the crash of a Trans International jet; no passengers were on board. [CBS] Charles Watson has been extradited from Texas to California to face charges in the Sharon Tate-Leno La Bianca murders. [CBS] Labor Secretary James Hodgson is seeking a wage settlement between the railroads and unions. [CBS]

Stock Market Report

Dow Jones Industrial Average: 773.14 (+1.99, +0.26%)
S&P Composite: 83.04 (+0.21, +0.25%)
Arms Index: 0.65

	Issues	Volume*
Advances	770	10.66
Declines	588	5.28
Unchanged	345	1.18
Total Volume		17.12

* 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*
September 4, 1970	771.15	82.83	15.36
September 3, 1970	765.27	82.09	14.11
September 2, 1970	756.64	80.96	9.71
September 1, 1970	758.15	80.95	10.44
August 31, 1970	764.58	81.52	10.74
August 28, 1970	765.81	81.86	13.82
August 27, 1970	759.79	81.08	12.44
August 26, 1970	760.47	81.21	15.97
August 25, 1970	758.97	81.12	17.52
August 24, 1970	759.58	80.99	18.91