Pharmaceutical giant Eli Lilly (LLY) is among the top companies scheduled to report earnings results on Thursday, August 8, alongside Paramount Global (PARA, PARAA), e.l.f. Beauty (ELF), and Take-Two Interactive (TTWO).

Jobless claims data for the prior week are due out tomorrow, while Federal Reserve Bank of Richmond President Tom Barkin is expected to deliver commentary on the US economy and inflation.

Lastly, MicroStrategy's (MSTR) 10-for-1 stock split will take effect and shares will begin trading under the adjusted stock price on Thursday.

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This post was written by Luke Carberry Mogan.