Stocks perk up on US economic data

Walmart was among the biggest gainers in the S&P 500 as investors welcomed news of the retail giant’s debut later this month of a of a service offering members same-day delivery, fuel discounts and other perks. The stock added 6.3 percent.

Stocks perked up Tuesday following the release of some better-than-expected economic data. The Commerce Department said U.S. construction spending edged higher in July, breaking a string of losses due to disruptions caused by the pandemic. And the Institute for Supply Management said its latest manufacturing index increased last month, reflecting a faster pace of expansion by American factories.-AP