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Retail Stocks Spike on Durable Goods Report

Stock quotes in this article: M , TGT , ODP , TGT , DDS , SMRT  

Retail investors are throwing a party today, as durable-goods orders are up in May for the second straight month.

The good news offset disappointing home sales numbers, resulting in some nice gains for Target(TGT Quote), Macy's(M Quote), Dillard's(DDS Quote), Stein Mart(SMRT Quote) and Office Depot(ODP Quote).

The Commerce Department announced on Wednesday that demand for durable goods rose 1.8% in May, far exceeding the .6% decline expected by economists. ...

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