NEW YORK ( TheStreet) -- Here are this week's ETF winners and losers.
Despite broad market weakness, ITB saw some of the strongest gains in the past five days thanks to optimistic news from National Association of Realtors and a positive earnings report from D.R. Horton ( DHI). It is likely that DHI will continue to be a bright spot in the domestic housing industry thanks to its focus on budget housing.
iPath Copper ETN ( JJC) -5.2%; PowerShares DB Base Metals ( DBB) -4.9% Though the broad market selloff dragged down the broad spectrum of basic materials, none were hit harder than copper. This was the fourth consecutive week of declines for the red metal as investors fled JJC. Much of this week's losses can be attributed to the greenback's strength and continued fear of reduced demand from China. -- Written by Don Dion in Williamstown, Mass.