News stories from Tuesday September 29, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The world mourns the death of United Arab Republic President Gamal Abdel Nasser, but reaction was mixed in Israel. A former Israeli Intelligence chief predicted that there would be heavy Soviet influence during the UAR's transition.
Health, Education and Welfare secretary Elliot Richardson will head the U.S. delegation to Nasser's funeral; United Arab Republic and Israeli troops are on alert.
[CBS] - President Nixon visited the U.S. 6th Fleet in the Mediterranean. He discussed football and praised the sailors for waging peace. Some firepower demonstrations were canceled. [CBS]
- The last six American hostages have been released by the Palestinians. In Amman, Jordan, the city has been shot up and food and water are scarce. U.S. food and medical supplies have arrived; the Red Cross is in charge. [CBS]
- Communists have cut Highway 4 in Cambodia; two U.S. helicopters crashed in South Vietnam; a U.S. combat base has been turned over to the South Vietnamese. [CBS]
- The Senate killed a bill to reform the electoral college. [CBS]
- 60 Congressmen and Vice President Spiro Agnew attacked the Campus Unrest Commission's report. [CBS]
- California forest fires are subsiding; 400,000 acres have been burned and eight people killed. [CBS]
- Presidential economic adviser Paul McCracken warned of possible fuel shortages next year and urged Americans to conserve fuel. [CBS]
- Chrysler reported a 2.7% price increase in their car prices, an average increase of $88 per car. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 760.88 (+1.91, +0.25%)
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 28, 1970 | 758.97 | 83.86 | 14.39 |
| September 25, 1970 | 761.77 | 83.97 | 20.47 |
| September 24, 1970 | 759.31 | 83.91 | 21.34 |
| September 23, 1970 | 754.38 | 82.83 | 16.94 |
| September 22, 1970 | 747.47 | 81.66 | 12.11 |
| September 21, 1970 | 751.92 | 81.91 | 12.54 |
| September 18, 1970 | 758.49 | 82.62 | 15.90 |
| September 17, 1970 | 757.67 | 82.29 | 15.53 |
| September 16, 1970 | 754.31 | 81.79 | 12.09 |
| September 15, 1970 | 750.55 | 81.36 | 9.83 |