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Thursday October 1, 1970
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News stories from Thursday October 1, 1970


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

  • President Nasser was buried in Cairo as millions mourned the beloved former United Arab Republic leader in the streets; crowds were intense. The funeral procession was mobbed by frantic mourners. [CBS]
  • President Nixon and Yugoslav President Tito want the Mideast to be calmed; their visit has been friendly.

    Spain has tightened security for Nixon's impending arrival there. The President will visit only dictator Francisco Franco and his staff. [CBS]

  • Fourteen nations have asked the United Nations to consider taking action regarding hijacks; England, West Germany and Switzerland released Arab prisoners in exchange for hostages. [CBS]
  • The Senate passed a $19.9 billion military weapons bill including unlimited arms sales to Israel and expansion of the anti-ballistic missile program. [CBS]
  • One U.S. plane was downed yesterday in Vietnam; Cambodians bombed Viet Cong forces. [CBS]
  • At the Paris Peace Talks, U.S. negotiator David Bruce rejected the new Viet Cong peace proposal. [CBS]
  • The Soviet Union protested "Zionist" attacks on Soviet institutions in the United States. [CBS]
  • A federal court ruled that New York's anti-busing law is unconstitutional. [CBS]
  • The Campus Unrest Commission report says that the Jackson State College killings were unnecessary. The Commission states that city police lied, state police overreacted and racism pervades the Mississippi state police.

    The Commission wants education funding to be increased significantly for black schools; President Nixon has ordered a $30 million increase for next year. [CBS]

  • A policeman was shot and killed in Atlantic City, New Jersey. [CBS]


Stock Market Report

Dow Jones Industrial Average: 760.68 (0.00, 0.00%)
S&P Composite: 84.32 (+0.11, +0.13%)
Arms Index: 0.82

IssuesVolume*
Advances6284.56
Declines6663.96
Unchanged2781.19
Total Volume9.71
* 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
DateDJIAS&PVolume*
September 30, 1970760.6884.2114.83
September 29, 1970760.8884.3017.88
September 28, 1970758.9783.8614.39
September 25, 1970761.7783.9720.47
September 24, 1970759.3183.9121.34
September 23, 1970754.3882.8316.94
September 22, 1970747.4781.6612.11
September 21, 1970751.9281.9112.54
September 18, 1970758.4982.6215.90
September 17, 1970757.6782.2915.53


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