Market Wrap: Goldmans New Finance Chief; Microsoft's Bigger Payout; Apple's New Benchmark

Market wrap-up for September 18th

End of the Day: S&P 500 down 1.9 to 1,459.32; Dow Jones up 11.5 to 13,564.64; Nasdaq down 0.9 to 3,177.80

The following is a brief summary of events moving markets today:

• Changing of the guard: Goldman Sachs (NYSE: GS) made a late announcement Tuesday, making at shift at one of its key executive roles.
  
  According to a release from the company, global co-head of the Securities Division Harvey M. Schwartz will assume the CFO role from David Viniar, a 32-year vet of the firm. Viniar will join Goldman's Board following the transition next January.
  
  
• That's a market cap of $657 billion, for those keeping score: Apple, Inc. (Nasdaq: AAPL) closed above $700 for the first time in its history, ending the session up 0.3 percent to $701.91. Sentiment remains strong with this one, given strong iPhone 5 pre-orders reported Monday.
  
  
• Shipments slip, bellwether reports: FedEx (NYSEL: FDX) ended the session lower Tuesday amid first-quarter 2013 results that topped expectations, but cut guidance for the rest of its fiscal year. Revenue for the quarter rose 3 percent to $10.79 billion, with operating margin dipping 10 basis points to 6.9 percent from the same period last year. Net income fell 1 percent to $459 million, or $1.45 per share.
  
  Overall, the Street consensus was at revs of $10.7 billion and EPS of $1.40.
  
  For more color, click here.
  
  
• Dole it out: Microsoft (Nasdaq: MSFT) is making dividend investors smile Tuesday, after announcing it has boosted its quarterly dividend 15 percent to 23 cents per share. At the current trading price, the new dividend will yield a cool 3 percent annually.
  
  
• Wa-hoo!: Yahoo, Inc. (Nasdaq: YHOO) ripping higher after saying it will return $3 billion of proceeds on the Alibaba sale to shareholders.
  
  Yahoo! planned to return about $3.65 billion, but $646 million has been returned to shareholders through share repurchases since the announcement of the transaction. In early August, an 8-K filed with the U.S. SEC caused some concern, with newly-appointed CEO Marissa Mayer reviewing capital allocations and hinting at a potential change in plans for Alibaba proceeds. For more on that, click here.

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