Dow34575.31+45.86(0.13%)Nasdaq13736.50-12.26(-0.09%)SP 5004202.04-2.07(-0.05%)10-yr Note -3/321.614NYSEAdv 2422 Dec 924 Vol 1.0 blnNasdaqAdv 2767 Dec 1512 Vol 4.1 bln Industry Watch Strong: Energy, Real Estate, Financials, Industrials, MaterialsWeak: Health Care, Information Technology, Utilities, Consumer Staples Moving the Market -- Large-cap indices fade strong start and close little changed-- Cyclical stocks outperformed in reopening trade, supported by better-than-expected manufacturing data-- Oil prices rise and long-term interest rates ticked higherIn corporate news, AMC Entertainment ($AMC 32.04, +5.92, +22.7%) remained a heavily-traded stock and rose 23% after the company raised $230.5 million in cash by selling shares to Mudrick Capital Management. Cloudera ($CLDR 15.93, +3.07, +23.7%) agreed to be acquired by Clayton, Dubilier & Rice and KKR for $16.00 per share, or $5.3 billion, in cash. Reviewing Tuesday's economic data: The ISM Manufacturing Index for May moved up to 61.2% (Briefing.com consensus 61.0%) from 60.7% in April. A number above 50.0% connotes an expansion in manufacturing activity. May marked the twelfth straight month of expansion.The key takeaway from the report is the finding that companies and suppliers continue to struggle to meet increasing levels of demand. That's a good harbinger for manufacturers, yet it also suggests inflation pressure will persist.Total construction spending increased 0.2% m/m in April (Briefing.com consensus 0.5%) following an upwardly revised 1.0% increase (from 0.2%) in March. Total private construction rose 0.4% m/m while total public construction spending decreased 0.6%.The key takeaway from the report is the ongoing strength in private residential construction spending, which is a byproduct of strong demand driven by a scarce supply of existing homes for sale.The final IHS Market Manufacturing PMI for April checked in at 62.1%, up from 61.5% in the preliminary reading. Looking ahead, investors will receive the weekly MBA Mortgage Applications Index and the Fed's Beige Book for June on Wednesday. Russell 2000 +16.2% YTDDow Jones Industrial Average +13.0% YTDS&P 500 +11.9% YTDNasdaq Composite +6.6% YTDDisclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. .