News stories from Thursday June 25, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The House overrode the President's veto of the hospital construction bill. President Nixon vetoed the $1.25 billion measure as being inflationary. [CBS]
- President Nixon received a 13-minute ovation in St. Louis at the national Jaycees convention. The President stated that he won't campaign for anybody this year and then discussed America's good points, citing Negro gains and improvements in education. [CBS]
- Transportation Secretary John Volpe praised the patriotism of construction workers but asked that they no longer beat up antiwar demonstrators. [CBS]
- Palestinian commandos denounced the U.S. Mideast peace plan and won't accept Israeli occupation. Secretary of State William Rogers outlined the Mideast proposal but would not discuss the sale of jets to Israel. The plan includes a 90-day cease-fire, negotiations, Israeli withdrawal from Arab territory and Arab acceptance of Israel's existence. [CBS]
- There has been no Israeli response to the peace proposal. Syria claimed that it downed Israeli jets but admitted suffering some ground casualties. [CBS]
- Cambodia is mobilizing all men 18 to 60 years old. Half of the country is now in Communist hands. [CBS]
- The Senate will vote on the Cooper-Church amendment Tuesday. [CBS]
- Transportation Secretary John Volpe is pushing a $750 million railroad emergency loan bill in Congress. Volpe said that he wants a healthy railroad system and protection for it. Some banks won't cash the Penn Central Railroad's checks. [CBS]
- The Nixon administration endorsed the textile import quota legislation which is being developed by Congress. [CBS]
- Health, Education and Welfare Secretary Elliot Richardson commited himself to school desegregation for next fall. [CBS]
|
Stock Market Report
Dow Jones Industrial Average: 693.59 (+1.30, +0.19%)
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* |
| June 24, 1970 | 692.29 | 73.97 | 12.63 |
| June 23, 1970 | 698.11 | 74.76 | 10.79 |
| June 22, 1970 | 716.11 | 76.64 | 8.70 |
| June 19, 1970 | 720.43 | 77.05 | 10.98 |
| June 18, 1970 | 712.69 | 76.51 | 8.87 |
| June 17, 1970 | 704.68 | 76.00 | 9.87 |
| June 16, 1970 | 706.26 | 76.15 | 11.33 |
| June 15, 1970 | 687.36 | 74.38 | 6.92 |
| June 12, 1970 | 684.21 | 74.21 | 8.89 |
| June 11, 1970 | 684.42 | 74.45 | 7.77 |