The August 8, 2025, Pre-Market Briefing reviewed a mixed Thursday close, with the Nasdaq hitting a record 21,242.70 (+0.4%), while the S&P 500 (-0.1% to 6,340) and Dow (-0.5% to 43,968.64) slipped amid tariff and earnings reactions. Pre-market trading showed Apple (+1.2%) and AMD (+1.5%) gaining from Trump’s chip tariff exemptions, while Eli Lilly (-0.8%) and Caterpillar (-0.3%) faced pressure post-earnings. The EU-U.S. tariff deal and U.S.-China talks supported autos and commodities, with Bitcoin steady at $114,320 and gold at $2,450/oz on safe-haven demand.

Economic data included a softer labor market (226K jobless claims) and an estimated July services PMI of 51.0, with markets focused on tariff impacts and European earnings from GlaxoSmithKline and BMW. Futures pointed to a steady open, with no major U.S. data but global sentiment driving cautious trading.