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NEW YORK (CNNMoney)
The Dow Jones industrial average, the S&P 500 and the Nasdaq were all up about 0.3% in early trading.
Stocks are coming off a strong month. The S&P 500 gained 5% in October. Despite modest losses on Thursday, the Dow and S&P 500 are both hovering near record highs.
There was only one major economic report released Friday. But the news was good. The manufacturing sector continued to expand in October. The ISM index rose to 56.4, up from 56.2 in September and topping forecasts.
What's moving: Chevron (CVX, Fortune 500) shares tumbled after the energy company's quarterly results missed expectations. AIG (AIG, Fortune 500) shares sank after the company's sales growth disappointed investors.
Ford (F, Fortune 500) was flat after the company reported that auto sales in the U.S. rose 14% in October. General Motors (GM, Fortune 500) shares rose nearly 3% after the company said U.S. sales were up 16% last month. Toyota (TM) and Honda (HMC) will release their October sales figures later in the day.
Related: Fear & Greed Index still shows greed
Shares of Madison Square Garden (MSG) were flat after the sports arena operator reported strong results.
Sony (SNE) shares fell after the Japanese electronics maker posted a loss for the second quarter and said profits for the year would be 40% lower than forecast.
Shares in the Royal Bank of Scotland (RBS) slid after the U.K. bank reported far worse than expected quarterly figures.
Related: China's Craigslist soars in IPO
Avon (AVP, Fortune 500) shares slid again, extending Thursday's 22% plunge. The U.S. cosmetics giant has been trying to stage a turnaround but posted much weaker-than-expected quarterly results on Thursday.
But First Solar (FSLR) stock surged after the solar panel company reported quarterly earnings that easily beat expectations.
Container Store cannot be contained. Shares of the home storage retailer nearly doubled in their market debut. The Container Store (TCS) priced its initial public offering at $18 per shares. The stock jumped 95% to above $35 in early trading.
It was the latest in a string of hot IPOs. On Thursday, 58.com (WUBA), the leading classifieds site for local merchants in China, saw its stock shoot up 48% on its first day as a public company. And all eyes will soon be on Twitter, which is expected to debut next week.
European markets were mixed in afternoon trading. A tepid report on eurozone inflation gave rise to speculation about an interest rate cut by the European Central Bank. Asian markets ended mixed. Chinese stocks got a boost as a new report showed Chinese factory activity picked up speed in October. 
First Published: November 1, 2013: 9:49 AM ET
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