Stocks ended lower on Tuesday after a weak reading on Midwest business activity raised concerns about economic growth and overshadowed a report of rising consumer confidence in May.

The Dow Jones Industrial Average fell 75.07, or 0.7 percent, to close at 10,467.48. The Standard & Poor’s 500 Index closed down 7.28, or 0.6 percent, at 1,191.50. The Nasdaq Composite Index fell 7.51, or 0.4 percent, to 2,068.22.

The Purchasing Management Association of Chicago announced that its index of business activity dropped to 54.1 in May from 65.6 in April and 69.2 in March. A reading above 50 indicates expansion in manufacturing, while a figure below 50 means contraction.

And the Conference Board said its Consumer Confidence Index rose to 102.2 from a revised 97.5 in April. The reading was much better than the 96 that analysts had expected, which would have been a decline from the original April reading of 97.7.

Among local movers, shares of DreamWorks Animation SKG Inc. fell 9.1 percent to $29.40 after the Glendale-based company’s film “Madagascar” missed opening weekend box-office sales estimates of some analysts. The animated film took in nearly $61 million in the four days after its May 27 opening, less than the $85 million estimate by Sanders Morris Harris and the $70 million forecast by Fulcrum Global Partners.

Cogent Inc. fell 2.1 percent to $20.06 on the same day the South Pasadena-based maker of fingerprint-security technology said it won a $2.5 million contract to produce fingerprint-identification systems for Haiti’s electoral council. The Organization of American States awarded the contract as part of its Strengthen Democracy in Haiti program.

And shares of Diodes Inc. dipped 0.8 percent to $33.25 after the Westlake Village-based chipmaker named director Keh-Shew Lu as its president and chief executive, effective June 1. Lu, a board member of Diodes since 2001, succeeds C.H. Chen, who will continue to serve as vice chairman.