Midday Report: Best Buy Falls on Retail Sales; Big Banks Beat Earnings Estimates

U.S. stocks climbed after big banks JPMorgan (JPM) - Get Report , Citigroup (C) - Get Report and Wells Fargo (WFC) - Get Report beat Wall Street estimates. Banks have had to weather an environment of low interest rates with a cautious Federal Reserve holding policy at crises levels. Consumer sentiment made a surprisingly large drop in October as worries over the presidential election reached a peak. The University of Michigan index fell to a 13-month low.  HP (HPQ) - Get Report slid after issuing a weak forecast and detailing plans to cut between 3,000 and 4,000 jobs over the next three years. HP said it continued to face weakness in the printer and personal computer markets.  Best Buy (BBY) - Get Report fell after September retail sales data showed a drop in sales at electronics and appliance stores. Analysts expected to see a boost in electronics spending following the release of the iPhone 7. TheStreet's Keris Lahiff has details from Wall Street.