General Electric (NYSE: GE) continued to get hit by its financial unit this quarter as well as profit fell 44 percent, but still managed to beat estimates. This outweighed signs of improvement in its other divisions that make heavy machinery and other industrial equipment. GE's overall revenue fell 20 percent, more than projections.

Very early reports indicate Bank of American (NYSE: BAC) lost $1.0 billion in the third quarter.

Google (NASDAQ: GOOG) posted a record profit that trounced expectations and IBM (NYSE: IBM) did the old beat and raise.

Several economic indicators are due out this morning including September industrial production and capacity utilization to be released at 9:15 a.m. Eastern. At 10:00 a.m., the University of Michigan will report its October consumer sentiment survey.

Meanwhile, George Soros said on Thursday the U.S. economy will be a drag on world growth. He also said that the world's current "currency arrangements" are fraught with danger and that the world needs global regulation.

Overseas, Asian markets were mixed, though Thailand's market rebounded after falling 7 percent over two days amid panic about the health of 81-year-old King Bhumibol Adulyadej. European stock markets rose modestly Friday after another strong finish on Wall Street.

The dollar finally snapped a four-day losing streak against the euro, rising from a 14-month low, as some investors bet that the currency's decline was overstated given signs of a U.S. economic recovery.