News stories from Friday May 29, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- South Vietnamese and Cambodian troops fought Communists at Prey Veng. The Viet Cong blew up a bridge on Highway 1 and threw toads into Cambodian army camps. The troops opened fire, revealing their positions. [CBS]
- Students in Saigon protested President Nguyen Van Thieu's government at the funeral of a Thieu opponent. Police dispersed the crowd. [CBS]
- Student vs. police street fights have subsided in Paris. A Maoist proletarian left-wing guerrilla group battled police after two of its leaders were jailed. There was much property damage, but few injuries. [CBS]
- President Nixon was pleased with his reception on the University of Tennessee campus in Knoxville, where he spoke yesterday at the Billy Graham Crusade. [CBS]
- Nine Ohio State students are suing the university's student strike leaders for $1 million to compensate for their interrupted education. [CBS]
- Georgia Governor Lester Maddox declared war on the Atlanta Journal-Constitution for criticizing him. Maddox blocked the sale of the paper in the state capitol and urged a public boycott. [CBS]
- An oil rig blast in Galveston, Texas, killed at least four men and five more are still missing. After the explosion, the rig burned all night. Fishing boats rescued 17 people. A three-mile by one-mile oil slick hit beaches in the area. [CBS]
- Israeli jets hit Egypt; Israelis and Arab guerrillas clashed. [CBS]
- Secretary of State William Rogers urged Spanish dictator Francisco Franco to renew the American Air Force and Naval base treaty. [CBS]
- Former Argentine President Pedro Aramburu was kidnapped. [CBS]
- Nine members of a Japanese team were killed by a falling block of ice while trying to climb Mt. Everest. [CBS]
- Pope Paul announced that he will visit the Philippines and Australia in November. [CBS]
- The Kennedy family visited the grave of John F. Kennedy at Arlington National Cemetery on the former President's 53rd birthday. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 700.44 (+16.29, +2.38%)
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* |
| May 28, 1970 | 684.15 | 74.61 | 18.91 |
| May 27, 1970 | 663.20 | 72.77 | 17.46 |
| May 26, 1970 | 631.16 | 69.29 | 17.03 |
| May 25, 1970 | 641.36 | 70.25 | 12.66 |
| May 22, 1970 | 662.17 | 72.25 | 12.17 |
| May 21, 1970 | 665.25 | 72.16 | 16.71 |
| May 20, 1970 | 676.55 | 73.52 | 13.02 |
| May 19, 1970 | 691.40 | 75.46 | 9.48 |
| May 18, 1970 | 702.81 | 76.96 | 8.28 |
| May 15, 1970 | 702.22 | 76.90 | 14.57 |