News stories from Tuesday December 29, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Congress is working hard after its Christmas break. The Senate increased Social Security benefits, banned U.S. troops and advisers from Cambodia, and appointed two conferences for the SST. [CBS]
- The American Association for Advancement of Science reports that defoliants such as those used in Vietnam have killed forests for decades. The Defense Department says that all defoliant use in Vietnam will be ended by next June. [CBS]
- The Fisher Gamma Chemical Corporation in Great Meadows, N.J. was ordered to stop tear gas leaks or shut down. The leakage is hurting people, animals and crops. [CBS]
- South Vietnam claimed victory over North Vietnam in a battle. Cambodian troops reportedly beat North Vietnamese forces on Highway 4. [CBS]
- A condemned Basque separatist said that he prefers execution to clemency. General Francisco Franco is consulting his cabinet on the issue. [CBS]
- Prime Minister Golda Meir says that Israel will keep Jerusalem and some other captured lands. United Arab Republic President Anwar Sadat alerted his government's agencies to prepare for war. [CBS]
- Coast Guard officers told a House committee about the Soviet defection attempt. Rear Admiral William Ellis said that he didn't want to hurt U.S.-Soviet fishing negotiations; Capt. Fletcher Brown stated that he was ordered to return the Lithuanian sailor to the Soviets. Rep. Wayne Hays says that Ellis should be court-martialed. [CBS]
- Arkansas Governor Winthrop Rockefeller commuted the sentences of all 15 condemned prisoners in the state down to life imprisonment. [CBS]
- Shell Oil is still fighting a 3½ week old oil rig fire in the Gulf of Mexico. The blazing offshore rig has been doused with seawater. [CBS]
- Britain denied that Princess Margaret and Lord Snowdon are getting a divorce; Lord Snowdon was reportedly seeing other women. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 842.00 (+11.09, +1.33%)
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 28, 1970 | 830.91 | 91.09 | 12.29 |
| December 24, 1970 | 828.38 | 90.61 | 12.14 |
| 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 |