News stories from Thursday December 24, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The cost of living increased 0.3% last month. Although the government says that the inflation rate is down, economists say it's not; the annual inflation rate was 4.5% over the last six months. But the Nixon administration insists that the news is good. Economic advisor Paul McCracken stated that the reduction in the rate of price increases is a good sign and he hopes for more economic improvement next year. [CBS]
- A one-day allied truce is in effect in Vietnam. Five planes flew to remote bases with liquor and girls for the troops. Cambodians fought Communists; there is no cease-fire in Cambodia. [CBS]
- His fellow Quakers told President Nixon that his Vietnam policy is a "disaster". They are keeping a silent vigil outside the White House. [CBS]
- The USSR sentenced two Soviet Jews to death for an attempted hijacking while nine other defendants only received prison sentences. Israeli Prime Minister Golda Meir condemned the Soviet Union's treatment of Jews. Israeli radio broadcast special reports on the trial. [CBS]
- Bethlehem is an armed camp on Christmas Eve as Arab guerrillas have threatened violence. [CBS]
- Cesar Chavez and the United Farm Workers are continuing their lettuce boycott. The California Supreme Court freed Chavez from prison pending his appeal. Chavez says that the county jail is bad, and reminds him of farm labor camps. [CBS]
- 23-year-old Susan Agnew has become engaged to Maryland state trooper Sgt. Colin Macindoe. The White House denied that Tricia Nixon is going to marry Edward Cox. Cox was a member of "Nader's Raiders" and he criticized the Federal Trade Commission. [CBS]
- There will be a white Christmas in the Northeast and Rocky Mountain states. [CBS]
- Police in Hazel Park, Michigan, have a Christmas card arrest form, with Santa Claus wanted for breaking and entering. [CBS]
|
Stock Market Report
Dow Jones Industrial Average: 828.38 (+5.27, +0.64%)
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* |
| December 23, 1970 | 823.11 | 90.10 | 15.40 |
| December 22, 1970 | 822.77 | 90.04 | 14.51 |
| December 21, 1970 | 821.54 | 89.94 | 12.69 |
| December 18, 1970 | 822.77 | 90.22 | 14.36 |
| December 17, 1970 | 822.15 | 90.02 | 13.66 |
| December 16, 1970 | 819.07 | 89.72 | 14.24 |
| December 15, 1970 | 819.62 | 89.66 | 13.42 |
| December 14, 1970 | 823.18 | 89.80 | 13.81 |
| December 11, 1970 | 825.92 | 90.26 | 15.79 |
| December 10, 1970 | 821.06 | 89.92 | 14.61 |