wallop

wallop    [Wol-uh p] 

verb.  strike or hit (someone or something) very hard

"Rain and hail walloped Hildale, Utah within minutes, then the flood quickly subsided. Soon, the sun was shining again. The flash flood had left 16 people dead."

"The selling began in Asia, punishing Chinese stocks once again. It then moved to Europe, walloping markets in Germany and Italy, and ended with a rush for the exits in the United States."

"The construction sector was walloped when the recession hit and expensive development projects became less appealing."