Stocks Trade Lower

A strong dollar and a weak reading on a May manufacturing index weigh on the market

Major stock indexes were down in moderate trading Tuesday, as a larger-than-expected drop in a closely watched indicator of April manufacturing activity was outweighing a rise in May consumer confidence. The market weakness may partly reflect month-end profit-taking after gains in May, according to Standard & Poor's MarketScope. Commodity stocks were falling on dollar strength following France's rejection of the European Union constitution.

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