News stories from Wednesday September 9, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Palestinians hijacked a British airliner and flew it to an airstrip in Jordan; the U.S. is seeking the release of hostages from all three hijacked jets. [CBS]
- In Beirut, a BOAC plane landed to refuel and picked up more guerrillas. The Nixon administration is considering military action against hijackers, but the United Nations Security Council is split on even appealing for the release of the hostages. Algeria will present the guerrilla position before the U.N.; Israel will respond.
In all, 300 hostages are being held, the most since Sunday. 10 p.m. tonight is the deadline for demands to be met. The Swiss and West Germans have agreed to free Arab prisoners; Britain will probably release captured hijacker Leila Khaled.
[CBS] - Palestinian guerrillas fought Jordanian government troops; King Hussein has given military powers to a general who is sympathetic to the Palestinians. [CBS]
- The United States has agreed to to sell 15 jets to Israel. [CBS]
- My Lai defendant Sgt. Esequiel Torres claims that General William Westmoreland was negligent in controlling troops. [CBS]
- South Vietnam Vice President Nguyen Cao Ky will visit the "Win the War" rally in Washington, DC despite opposition from both the Nixon and Thieu regimes. [CBS]
- Communists escaped a trap in Cambodia, despite a major offensive launched by the government with American air support. [CBS]
- There was heavy absenteeism in Mobile, Alabama, and Charlotte, North Carolina, on the first day of school under the new busing program. [CBS]
- The Nixon administration announced that it will release the full $243 million which Congress allocated for the education loan program. [CBS]
- The national railroad strike has been postponed for five days.
Ford won't lock out its workers if the United Auto Workers strike General Motors or Chrysler.
[CBS] - Senate Democrats want adjournment to take place two weeks before the fall elections, but they proposed time to debate on some issues. [CBS]
- General Motors denied Ralph Nader's charges that the company ignored the Corvair dangers. [CBS]
- Charles Keating and six other dissenting members of the President's Commission on Pornography received an injunction delaying publication of the commission's report. [CBS]
- The "Queen Elizabeth" will be sold and may go back to sea. [CBS]
- Pitcher Denny McLain has been suspended for the rest of the major league baseball season because of a dispute with his manager, and for carrying a gun. [CBS]
- The United Nations Security Council agreed on an appeal to the Palestinians for the release of hostages. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 766.43 (-6.71, -0.87%)
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 8, 1970 | 773.14 | 83.04 | 17.11 |
| 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 |