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** S&P 500 snaps 2-week run, dips 0.7%, as rising bond yields weigh

** This as another bout of doubt creeps in , and the SPX may have gone from triangle to trend change

, and then a cold open

** And with Apple at the core of market weakness

, it may be time for the Nasdaq to put 'em up

** Most sectors catch a chill: Healthcare, utilities and tech shiver, while energy and financials sit by the fire

** Utilities drop 2%, real estate off 0.8%. Bond proxies slump on inflation expectations

** Tech falls 1.9%. Enphase dims by 8% as solar stocks slide; Biden scraps Trump plan to weaken environmental rules. Invesco Solar ETF down ~9%

Though chip gear maker Applied Materials hits record high Fri after strong results, forecast

** Consumer Staples down 1.1%. Walmart falls to three-month low after outlook disappoints , but analysts say investment plans to pay off longer term

** Communication Services off 0.9%. Facebook

slips after co blocks news content in Australia

** Industrials up 0.7%. Deere jumps Fri after farm equipment producer raises outlook on improved demand

** Financials surge 2.8%. Banks rally as benchmark U.S. 10-yr Treasury yield hits 1-yr high

, curve steepens . Wells Fargo best in sector, up 13%, on report of Fed approving bank's overhaul plan

** Energy leaps 3.1%. Oil firms rise as Texas cold snap pushes U.S. crude higher

** Meanwhile, when it comes to 2021 megatrends, cannabis has been hitting the high note and home sales, services PMI: An end to a winter of pandemic discontent?

** SPX performance YTD:

(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)

((lance.tupper.tr.com@reuters.net lance.tupper@tr.com terence.gabriel.tr.com@reuters.net terence.gabriel@tr.com))