News stories from Thursday November 5, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- North Vietnam said that President Nixon lied to Americans during the election campaign. The U.S. delegation at the Paris Peace Talks called North Vietnam's accusation "insulting." [CBS]
- Election results: Michigan Governor William Milliken beat Democrat Sander Levin. Indiana Senator Vance Hartke claimed victory over Richard Roudebush, but voting machines have been impounded pending a recount. Roudebush's campaign director said that voter turnout hurt Republicans. The Rhode Island and Maine governor races are still undecided. Democrats are ahead in state legislatures, governorships and Congress. [CBS]
- The first lame-duck session of Congress in 20 years starts next week. The administration wants the Family Assistance Plan pushed through; the plan calls for a $2,200 minimum income for a family of four. The President needs the help of liberal Democrats to pass the bill, but it's unlikely that he will get any help after his campaign attacks. [CBS]
- The Interstate Commerce Commission granted a 9% increase in railroad freight prices in the East and 7% in the South. [CBS]
- The Mideast cease-fire is over but the United Arab Republic and Israel both said they won't begin shooting. In Jordan, Palestinian guerrillas and the Army renewed their fighting in Amman on Tuesday. The Palestinians vowed to continue raids into occupied land. [CBS]
- The Soviet Union announced that it will soon release two American generals, a major and a Turkish officer. [CBS]
- The garbage strike in Britain ended. Workers got a $6 per week pay raise. [CBS]
- The "Saturday Evening Post" will resume publication as a quarterly. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 771.56 (+0.75, +0.10%)
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* |
| November 4, 1970 | 770.81 | 84.39 | 12.18 |
| November 3, 1970 | 768.07 | 84.22 | 11.76 |
| November 2, 1970 | 758.01 | 83.51 | 9.47 |
| October 30, 1970 | 755.61 | 83.25 | 10.52 |
| October 29, 1970 | 753.56 | 83.36 | 10.44 |
| October 28, 1970 | 755.96 | 83.43 | 10.66 |
| October 27, 1970 | 754.45 | 83.12 | 9.68 |
| October 26, 1970 | 756.43 | 83.31 | 9.20 |
| October 23, 1970 | 759.38 | 83.77 | 10.27 |
| October 22, 1970 | 757.87 | 83.28 | 9.00 |