** S&P 500 falls for 2nd straight week, finishes down 0.3% as hawkish Fed concerns mount
** That said, e-mini S&P 500 futures still fenced in by Fibonacci
** This, as bitcoin gets back on track , and the Nasdaq has a bullish message in the bottle
** In any event, rate-sensitive growth stocks slide on hot inflation report , and down again Fri on more monetary policy tightening worries
** Of note, U.S. 10-Year Treasury yield hits a more than 3-month high Fri, but is then repulsed
** Majority of sectors shaken: energy tumbles, while utilities and consumer discretionary show spunk
** Energy slides 6.9%. Group falls as oil declines on ample supply, rate-hike fears Devon Energy worst SPX performer, loses 16%, after profit miss as winter storm hits output
** Tech slips 0.4%. Though Cisco rises on upbeat forecast, analyst PT hikes
** Communication services ticks up 0.2%. Paramount Global advances after Buffett's Berkshire Hathaway discloses stake increase with co to raise streaming prices as ad slump knocks revenue . PARA notches 10% weekly gain
** Industrials up 0.8%. Deere plows ahead after raising FY23 forecast . But Norfolk Southern falls after EPA delivers letter on Ohio derailment cleanup costs
** Utilities up 0.9%. Exelon Corp gains on Q4 revenue beat, dividend hike . EXC up ~6%
** Meanwhile, BofA tacks on 25 basis point hike for June FOMC meeting
** SPX performance YTD:
(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)
lance.tupper@tr.com terence.gabriel.tr.com@reuters.net terence.gabriel@tr.com))