NEW YORK ( TheStreet) -- Here are this week's winners and losers.
PowerShares Dynamic Retail Portfolio ( PMR) -4.4% Retailers ran into steep headwinds this week as the string of disappointing economic data reports weighed heavily on investor outlooks. PMR's quick, steep three-day decline sent shares tumbling back to levels last seen at the start of April. Despite its poor action this week, the retail industry remains a point of interest. As the consumer continues to recover, the companies underlying funds like PMR and SPDR S&P Retail ETF ( XRT) could exhibit some strength. SPDR KBW Bank ETF ( KBE) -4.2% The spattering of weak economic data weighed heavily on the financial industry, pushing KBE to industry-leading losses. KBE's index is designed to take a broad approach to this corner of the marketplace, exposing investors to both Wall Street giants and smaller, more volatile regional institutions. Banking goliaths such as Wells Fargo ( WFC) and Bank of America ( BAC) faced added pressure this week following reports that Moody's (MCO) was placing them on review for a possible downgrade. Written by Don Dion in Williamstown, Mass.