News stories from Wednesday November 11, 1970

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

General Motors and the United Auto Workers announced a tentative three-year contract; the UAW received many benefits. GM negotiator Earl Bramblett insists that the contract is inflationary, but Labor Secretary James Hodgson is delighted and the Nixon administration is pleased. [CBS] President Nixon and over 80 other national leaders will attend Charles DeGaulle's memorial mass in Paris, where parades honored the former French leader today. [CBS] The U.S. celebrated Veterans' Day. [CBS] No Americans were killed in Vietnam during the last 24 hours; U.S. B-52s bombed the Ho Chi Minh Trail in Laos. [CBS] Solicitor General Erwin Griswold asked the Supreme Court to reject the conscientious objections of Vietnam war opponents; their objection must be to all wars and not just this one. [CBS] Generals Edward Scherrer and Claude McQuarrie are in Turkey after being released by the Soviet Union. The Soviets had held the American generals for nearly three weeks. [CBS] The Soviets launched another unmanned moon shot, the Luna 17; its mission is unknown. [CBS] Interior Secretary Walter Hickel suggested that the federal government sell environmental bonds to fight pollution. [CBS]

Stock Market Report

Dow Jones Industrial Average: 779.50 (+2.12, +0.27%)
S&P Composite: 85.03 (+0.24, +0.28%)
Arms Index: 1.19

	Issues	Volume*
Advances	850	7.22
Declines	479	4.84
Unchanged	289	1.46
Total Volume		13.52

* 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
Date	DJIA	S&P	Volume*
November 10, 1970	777.38	84.79	12.03
November 9, 1970	777.66	84.67	10.89
November 6, 1970	771.97	84.22	9.97
November 5, 1970	771.56	84.10	10.80
November 4, 1970	770.81	84.39	12.18
November 3, 1970	768.07	84.22	11.76
November 2, 1970	758.01	83.51	9.47
October 30, 1970	755.61	83.25	10.52
October 29, 1970	753.56	83.36	10.44
October 28, 1970	755.96	83.43	10.66