NYSE futures now indicate stable market sentiment despite mixed earnings from consumer discretionary names. Analysts expect that holiday season demand patterns could still surprise on the upside. Energy Transfer operates more than 140,000 miles of oil, natural gas, and natural gas liquids (NGLs) pipelines. It also owns 34% of Sunoco LP (NYSE: SUN) , which distributes motor fuel in more than 40 U.S. states and territories. The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.27% at $670.28, while the QQQ advanced 0.57% to $606.70, according to Benzinga Pro data. NYSE futures now reflect a rotation into defensive sectors, with utilities and consumer staples outperforming in early indicators. This trend suggests money managers are hedging against near-term macro risks.