Wall St. opens down as momentum shares fall again

NEW YORK (Reuters) - U.S. stocks opened lower on Monday, with the S&P 500 on track for its third straight decline, as weakness in some of the market's recent high-flying names continued.

Biotech and Internet names were among the most pressured, extending recent losses that sent the Nasdaq and benchmark S&P index to their worst drop since February on Friday. Yahoo Inc fell 2 percent to $33.58, Biogen lost 2.2 percent to $282 and Gilead Sciences Inc fell 1.3 percent to $71.04.

The Dow Jones industrial average <.DJI> was down 4.67 points, or 0.03 percent, at 16,408.04. The Standard & Poor's 500 Index <.SPX> was down 3.54 points, or 0.19 percent, at 1,861.55. The Nasdaq Composite Index <.IXIC> was down 16.14 points, or 0.39 percent, at 4,111.58.

Losses in the Dow were limited by Intel Corp , which rose 1.6 percent to $26.59.

(Reporting by Ryan Vlastelica; Editing by Nick Zieminski)