Early Update – Looking For a Test

11:36 AM ET S&P sectors are mixed with 5 up and 6 down. The Technology sector (+1.3%), Mega Caps (+0.9%) and Semiconductors (SOX +1.55%) are doing fairly well this morning. Rate-related, counter-cyclicals, aren’t doing so hot with higher rates – Utilities (-2.1%), Real Estate (-1.3%), as well as some more defensively oriented sectors like the…