Futures stage a fragile recovery: Dow futures +0.35% (52,070), S&P 500 futures +0.21% (7,460), Nasdaq 100 futures +0.08% (28,650) as Brent crude pulls back from the $100+ threshold. Call it a dead-cat bounce — volume is thin and conviction thinner.

Intel (+4% premarket) is the morning's star. The chip giant posted its sharpest quarterly revenue growth in nearly 15 years — $16.1B in Q2, up 25% YoY — with adjusted EPS of $0.42...