Midday Report: Apple Rallies for Day Two; U.S. Stocks Climb After Extreme Three Days

U.S. stocks bounced around in the green in far more stable trading following three days of extreme swings. Apple  (AAPL) - Get Report led the Dow Jones Industrial Average for its second day as confidence in the iPhone 7's preorder performance grew. Crude oil prices fluctuated after a weekly decline in crude inventories. The EIA reported a decline of 600,000 barrels in the past week, a welcome sign of diminishing supplies in the face of tepid demand. Herbalife (HLF) - Get Report climbed after billionaire activist Carl Icahn disclosed he had asked the FTC to buy up to 50% of the company. Icahn already has permission to buy just over one-third. Biogen (BIIB) - Get Report rose on positive clinical and real-world trials of its multiple sclerosis treatment. The drugmaker said the treatment "demonstrates strong efficacy" in reducing disease activity over time.