Select a date:      
Tuesday June 1, 1976
. . . where the 1970s live forever!

News stories from Tuesday June 1, 1976


Summaries of the stories the major media outlets considered to be of particular importance on this date:

  • Jimmy Carter was victorious in the South Dakota presidential primary, but he lost to Frank Church in Montana and in Rhode Island he trailed an uncommitted slate supported by Gov. Jerry Brown, although he won more delegates than anyone else in that state. Representative Morris Udall finished second in South Dakota, where he had hoped to win. In the Republican primaries, President Ford easily defeated Ronald Reagan in Rhode Island, winning all 19 delegates, but Mr. Reagan was victorious in both Montana and South Dakota. In delegates, Mr. Ford won 19 and Mr. Reagan 10. [New York Times]
  • A national survey by the New York Times and CBS News indicates that if the November election were held today with Mr. Ford and Mr. Carter as candidates, Mr. Ford might have a slight edge among white voters, but black voters would vote by more than 5 to 1 for Mr. Carter, giving him a 46-to-40 victory. He would defeat Mr. Reagan by an even larger 48-to-36 Margin. Most of those questioned on Mr. Ford's pardon of former President Richard Nixon opposed it and preferred Mr. Carter overwhelmingly. [New York Times]
  • The Supreme Court ruled 5 to 4 that the Civil Service Commission may not bar resident aliens from federal civil service jobs. The majority said the regulation of long standing violated their rights to due process of law by depriving them of an "interest in liberty" without rational basis, The dissenters contended in effect that the delegation of power to the commission by President and Congress was a political decision not to be questioned by the courts. [New York Times]
  • Nuclear power development faces a major hurdle in the California primary next Tuesday. A stringent nuclear limitation initiative measure is on the ballot. California polls show unusual public uncertainty and confusion on the issue. The electrical industry acknowledges that its passage could trigger a national upsurge of resistance. [New York Times]
  • Secretary of State Henry Kissinger and Treasury Secretary William Simon expressed annoyance at the "last-minute" rejection of the proposed international resources bank by the United Nations Conference on Trade and Development. In a joint statement, they said the 33-31 vote at the Nairobi meeting did not augur well for the future of the dialogue of the worldwide development effort. [New York Times]
  • Syrian tanks advanced deep into Lebanon along the Damascus-Beirut highway and swung north to relieve Christian forces cut off for months by Palestinian guerrillas and Lebanese Moslems. The apparent purpose was a decisive military intervention to end Lebanon's civil war. The Syrian operation coincided with the arrival in Damascus of Prime Minister Aleksei Kosygin of the Soviet Union and could seriously embarrass his government. [New York Times]
  • The United States coupled tacit approval of the Syrian intervention with another warning to Damascus not to increase its forces to an extent that might trigger an Israeli military response. Israeli officials in Washington agree that so far Israeli security is not threatened but refuse to take a relaxed view publicly. [New York Times]


Stock Market Report

Dow Jones Industrial Average: 973.13 (-2.10, -0.22%)
S&P Composite: 99.85 (-0.33, -0.33%)
Arms Index: 1.35

IssuesVolume*
Advances6584.48
Declines7406.79
Unchanged4562.61
Total Volume13.88
* in millions of shares

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
DateDJIAS&PVolume*
May 28, 1976975.23100.1816.86
May 27, 1976965.5799.3815.31
May 26, 1976968.6399.3416.75
May 25, 1976971.6999.4918.77
May 24, 1976971.5399.4416.56
May 21, 1976990.75101.2618.73
May 20, 1976997.27102.0022.56
May 19, 1976988.90101.1818.45
May 18, 1976989.45101.2617.41
May 17, 1976987.64101.0914.72


Copyright © 2014-2018, All Rights Reserved   •   Privacy Policy   •   Contact Us   •   Status Report