Wall Street gives up ground

US stock indices declined on Monday amid increased concerns about global economic recession. 

G7 leaders are convening this week to discuss latest developments on the world stage, joined by US President Joe Biden. 

Global media outlets are reporting the G7 is planning to ban gold imports from Russia in a new step to tighten the noose around Russian economy. 

Latest data showed US durable goods orders rose 0.7% in May, while analysts expected as 0.1% rise. 

Core orders , excluding volatile commodities, rose 0.7%, while analysts expected a 0.4% rise. 

Dow Jones fell 0.1% to 31,456, while S&P 500 shed 0.2% to 3,802, as NASDAQ slid 0.8% to 11,509.