BRIEF-Gemini reports Q1 net loss per share of $0.04
* Now expecting revenue for 2017 to be less than 2016 but expects activity to pick up in second half of 2017 into 2018 Source text for Eikon: Further company coverage:
NEW YORK, April 7 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 was down 4.67 points, or 0.03 percent, at 16,408.04. The Standard & Poor's 500 Index was down 3.54 points, or 0.19 percent, at 1,861.55. The Nasdaq Composite Index 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)
* Ironhorse announces Q1 2017 financial and operating results
* AT&T announces IBEW-represented employees vote to ratify midwest wireline agreement