US: Nasdaq leads US stocks higher ahead of Federal Reserve

[NEW YORK] Wall Street stocks advanced Monday ahead of a highly-anticipated Federal Reserve meeting, with a big gain in Facebook boosting the Nasdaq.

Other large tech companies also advanced, including Apple, Amazon and Netflix, lifting the tech-rich Nasdaq Composite Index by 0.6 per cent to 7,845.02. In a fresh sign suggesting economic weakness, the Federal Reserve Bank of New York reported that manufacturing activity in New York State took a record dive this month and fell into contraction."It's a regional index. Let's see if it's backed up by other regional manufacturing data," said FTN Financial's Chris Low.

Executives at the Paris Air Show reiterated apologies following two fatal crashes and said they were open to potentially rebranding the aircraft.

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