Stocks finished higher today, but it wasn't enough to propel the Dow back above the 13,000 level.
The index rose 46 points or 0.4 percent to 12,985. The S&P added 6 points, while the Nasdaq was up 24 points.
- President Barack Obama today took aim at Republicans for what he described as a flawed and dishonest strategy for reducing gas prices, predicting rivals would offer only more drilling and political promises of $2-a-gallon gas. The president said that's not a plan, "that's a bumper sticker".
- Consumer products maker Procter & Gamble says it plans to cut 5,700 jobs over the next year and a half. P&G hopes to save $10 billion by June 2016.
- At Apple's annual shareholders' meeting, CEO Tim Cook was asked about the company's nearly $100 billion in cash. After acknowledging Apple doesn't need to hold on to so much cash, he said the board is thinking "very deeply" about how to spend the money.
- The U.S. Postal Service is pushing ahead with planned cuts to more than 260 mail processing centers around the nation, part of a billion-dollar cost-cutting effort that will slow delivery of first-class mail. The estimated $3 billion in reductions are part of a wide-ranging effort by the Postal Service to quickly trim costs, seeing no immediate help from Congress.