Strong earnings news lifted the markets to a higher open with the Dow climbing 73 points to 23,346. Nasdaq gained 12 points to 6,598.

On the upside

Graphic Packaging Holding (NYSE: GPK) will merge with International Paper's North America consumer packaging business.

Caterpillar (NYSE: CAT) reported sharply higher third quarter earnings and revenue that beat analyst expectations and lifted its full year forecast.

Third quarter earnings surged for Corning (NYSE: GLW) to beat expectations.

On the downside

Ionis Pharmaceuticals (Nasdaq: IONS) will host a live webcast on Tuesday, November 7 to discuss its third quarter results.

Sears (Nasdaq: SHLD) will stop selling Whirlpool (NYSE: WHR) products.

Biogen (Nasdaq: BIIB) reported higher third quarter earnings and revenue but sales of Spinraza disappointed.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 rose 4 points to 2,568. Bitcoin plummeted $240 to $5,655.