News stories from Thursday February 4, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The news embargo regarding Laos has been lifted. Twenty thousand South Vietnamese troops attacked into Cambodia today, while another 20,000 South Vietnamese and 9,000 U.S. troops are massing at the border with Laos. [CBS]
- The White House assured reporters that no South Vietnamese troops had moved into Laos although Communists insisted that an attack is underway. Defense Secretary Laird said that the news embargo was necessary to protect U.S. forces, and he is not going to second-guess General Abrams' decision regarding the security of his own forces. Sources reported an unexpected lack of fighting when forces moved into new areas. [CBS]
- A bomb exploded in a mailbox outside an Army induction center in Oakland, California. Storefronts were shattered for a city block, but there was no damage to draft records. Authorities fear that the bombing may represent start of a new antiwar tactic. [CBS]
- President Sadat of Egypt agreed to a one-month extension of the Middle East cease-fire. He offered to begin clearing the Suez Canal for navigation if Israel will start to pull back from the east bank of the canal. [CBS]
- British troops battled Catholic extremists in Belfast, Northern Ireland. British soldiers raided an Irish Republican Army stronghold in an attempt to find weapons; the IRA responded by throwing Molotov cocktails and grenades at soldiers, some of whom were injured. Soldiers were restrained from retaliating. [CBS]
- The Roman Catholic church announced that its theologians and teachers will no longer face excommunication for opposing church doctrine, and the term "heresy" will no longer be applied. [CBS]
- Apollo 14 is just a few hours away from landing on the moon. A camera that was to have filmed future landing sites failed. Former astronaut Gordon Cooper criticized the selection of Alan Shepard for the moon flight and questioned his qualifications. [CBS]
- The FDA found that less than 4% of tuna exceeds standards for mercury contamination, but 87% of swordfish exceeded safety standards in samples that were tested. [CBS]
- The financial collapse of Rolls Royce is due to the company's commitment to build engines for Lockheed aircraft. British Prime Minister Heath discussed possible aid for the company with President Nixon today. [CBS]
- United Airlines is laying off employees due to slow business. United has cut back 153 flights per day and laid off 100 stewardesses and 394 pilots. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 874.79 (-1.44, -0.16%)
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* |
| February 3, 1971 | 876.23 | 96.63 | 21.68 |
| February 2, 1971 | 874.59 | 96.43 | 22.03 |
| February 1, 1971 | 877.81 | 96.42 | 20.65 |
| January 29, 1971 | 868.50 | 95.88 | 20.96 |
| January 28, 1971 | 865.14 | 95.21 | 18.84 |
| January 27, 1971 | 860.83 | 94.89 | 20.64 |
| January 26, 1971 | 866.79 | 95.59 | 21.38 |
| January 25, 1971 | 865.62 | 95.28 | 19.05 |
| January 22, 1971 | 861.31 | 94.88 | 21.68 |
| January 21, 1971 | 854.74 | 94.19 | 19.06 |