Apple is lagging the market as iPhone 8 woes mount

Apple has been arguably the most important company in the stock market over the past several years, but it’s been lagging broader market indexes lately. It’s experienced some weakness amid speculation that the iPhone 8 will launch later than expected, and that it will be much more expensive than previous versions. The guidance that the company provides when it reports second-quarter earnings on August 1 will be very important in dictating short-term trading. In the longer-term, this will likely be just a blip on the radar.