News stories from Wednesday November 11, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- General Motors and the United Auto Workers announced a tentative three-year contract; the UAW received many benefits. GM negotiator Earl Bramblett insists that the contract is inflationary, but Labor Secretary James Hodgson is delighted and the Nixon administration is pleased. [CBS]
- President Nixon and over 80 other national leaders will attend Charles DeGaulle's memorial mass in Paris, where parades honored the former French leader today. [CBS]
- The U.S. celebrated Veterans' Day. [CBS]
- No Americans were killed in Vietnam during the last 24 hours; U.S. B-52s bombed the Ho Chi Minh Trail in Laos. [CBS]
- Solicitor General Erwin Griswold asked the Supreme Court to reject the conscientious objections of Vietnam war opponents; their objection must be to all wars and not just this one. [CBS]
- Generals Edward Scherrer and Claude McQuarrie are in Turkey after being released by the Soviet Union. The Soviets had held the American generals for nearly three weeks. [CBS]
- The Soviets launched another unmanned moon shot, the Luna 17; its mission is unknown. [CBS]
- Interior Secretary Walter Hickel suggested that the federal government sell environmental bonds to fight pollution. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 779.50 (+2.12, +0.27%)
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 10, 1970 | 777.38 | 84.79 | 12.03 |
| 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 |