News stories from Tuesday November 10, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Charles DeGaulle died of a heart attack at the age of 79. His funeral will be held Thursday in a Colombey, France, churchyard. President Nixon will attend the funeral mass in Paris. DeGaulle led the Free French Movement during World War II and was hailed as a national hero. DeGaulle resigned in 1946; chaos followed. The war in Algeria brought DeGaulle back to power in 1958 and he made peace with the Algerian rebels. He also got a new French constitution that gave the president all real power. [CBS]
- Communists cut off a Cambodian task force from Phnom Penh. [CBS]
- South Vietnam Vice President Nguyen Cao Ky will visit the United States. [CBS]
- A judge ruled that House witnesses can testify in My Lai trials. Lt. William Calley is charged with over 100 murders of civilians at My Lai. The judge in Sgt. David Mitchell's trial had said that House witnesses couldn't testify. [CBS]
- $20 million will be spent to equip and train the National Guard for civil disorders. [CBS]
- The Federal Reserve Board lowered the discount lending rate to 5.75%. [CBS]
- The president of the Railway and Airline Clerks Union said that a 33% wage increase for railroad employees is not enough and threatened a strike for December 11. [CBS]
- General Motors-UAW negotiations are continuing. Both sides have made some concessions; early retirement and wage increases are the major remaining issues. [CBS]
- The Department of Health, Education and Welfare reduced pollution standards for next year from 35% to 25% less hydrocarbons and from 20% to 17% less carbon monoxide. [CBS]
- Suffolk County, New York, banned the sale of detergents due to water pollution. [CBS]
- Five-year-old Kevin Toston died from eating a heroin capsule at a relative's house in Detroit, not from eating Halloween candy as originally reported; the investigation continues. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 777.38 (-0.28, -0.04%)
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 9, 1970 | 777.66 | 84.67 | 10.89 |
| November 6, 1970 | 771.97 | 84.22 | 9.97 |
| November 5, 1970 | 771.56 | 84.10 | 10.80 |
| 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 |