News stories from Wednesday December 30, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- U.S. planes destroyed a Communist convoy on the Ho Chi Minh Trail. Fighting in South Vietnam was light due to the three-day Communist cease-fire. [CBS]
- An antiwar group disrupted a meeting of the American Association for Advancement of Science in Chicago. Activists from a group called Science For the People disrupted the conference, claiming that science is a tool of the military. [CBS]
- Muhammad Ali will fight Joe Frazier for the heavyweight championship; the fighters will each receive $2.5 million. [CBS]
- The FTC announced a requirement to have octane ratings to be posted on gasoline pumps. [CBS]
- Between 35 and 40 coal miners are trapped in a coal mine in Hyden, Kentucky; rescue operations are underway. [CBS]
- Generalissimo Francisco Franco commuted the death sentence of six Basque separatists. Franco changed the sentences to 30 years in prison, fearing uprisings if the Basques were executed. [CBS]
- A Soviet court started clemency hearings for 11 Jews, two of whom had been sentenced to death. There are reports that the Soviets will commute the sentences to 15 years in prison. American Jews discussed Soviet oppression with President Nixon today in Washington as police kept protestors away from the Soviet embassy. [CBS]
- Military leaders attended the funeral of Rep. Mendel Rivers in Charleston, South Carolina. [CBS]
- An F-14 crashed on its second test flight; the pilots ejected safely. [CBS]
- The Pentagon proposed that the Lockheed Aircraft Corporation accept a $200 million loss in its contract with the Defense Department. [CBS]
- The Senate approved a $125 million loan for the Penn Central Railroad. [CBS]
- Shell Oil reported that the biggest fire on its Gulf of Mexico oil rig has been snuffed. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 841.32 (-0.68, -0.08%)
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 29, 1970 | 842.00 | 92.08 | 17.75 |
| 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 |