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U.S. stocks closed mixed

U S stocks closed mixed, the Dow fell 0 33%, the Nasdaq rose 0 76%, the S & P 500 index rose 0 21% Q3 earnings exceeded market expectations,

Morgan Stanley says CEO Ted Pick will serve as chairperson

Morgan Stanley said chief executive Ted Pick had been elected chairperson effective January 1 James Gorman will step down as chairperson and leave the board Gorman will also retire from Morgan Stanley and will be named chairperson emeritus at that time