Last week, major stock markets marked their fourth losing week in a row. The Dow fell 6.2% on the week while the S&P 500 fell 7%. Both major indices have now fallen 24% in 2009 alone, with the S&P 500 hitting its lowest level since September 1996. Gold closed the week unchanged after a volatile week that saw it dip below $900 briefly. Oil managed to gain slightly, holding above the $45 marker.

Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

Last week US equities ended a volatile week with big rallies on Friday, but these only came after the benchmark S&P 500 index had plunged to levels not seen for over a decade on Thursday. Despite Friday's 6%+ rallies on the Dow Jones and S&P 500, those markets still finished the week down 5.31% and 8.39% respectively.