We have seen some incredible movements in the stock market since the news of the new Covid variant Omicron hit the headlines. Many stocks have plummeted by 30%+ but have now bounced back and for some even hit new all time highs.

The travel industry was hit the hardest due to the fears of lockdowns and restrictions. American Airlines dropped over 40% as it went from $22 a share to a low of $16.26 but has now recovered to over $18.

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Taxi and food delivery company UBER took a big hit falling from $47.50 to $35.45 due to demand for travel and work commutes falling plus new stricter food delivery restrictions put in place. They have since recovered to back over $38 but with a long way to go.

Wynn Resorts LTD who own major casino and hotel properties took one of the biggest nosedives seeing their stock go from $98 down to $76 in a single week but have since got back over the $86 mark and show no signs of slowing down.

Lockdowns and travel restrictions helped many online companies thrive during the pandemic such as Fiver but this time round they even took a hit going from $192 down to $118 with no real reason behind it. They have since bounced back and are holding firm over $140.

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More people at home means more online buying and gaming. Amazon have been unaffected with little movement but popular kids game and potential meta verse competition Roblox have surged from $76 to highs of $141 thanks to the potential future they have with no users wanting to experience something in the virtual world.

The key to investing during these times is to have a well balanced portfolio that will counteract one another for when natural disasters and pandemics may happen.