Word: steepest
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...stock market gave the flagging recovery an apparent vote of no- confidence last week when the Dow Jones industrial average plunged 120 points on Friday, to 2,943.20, for its fifth largest drop ever and the steepest decline since it fell 190.58 on Oct. 13, 1989. Analysts said the free fall reflected fears that the U.S. was sliding back into recession after the economy eked out a modest 2.4% gain in the third quarter. "The equity markets are finally realizing what sad shape the U.S. economy is in," says Allen Sinai, chief economist of Boston Company Economic Advisers...
...achieve these extremes, designers create computer-simulation models that show the effects of high speed and sudden force on the riders, the cars and the structure. This enables engineers to build roller coasters with the steepest possible inclines and most sharply banked curves to create the illusion of breakneck speed. All roller-coaster trains are actually gravity propelled after the initial chain-drawn ascent and thus steadily slow down from the first big hill onward...
...power dive came after Tokyo's Nikkei stock average tumbled 653.36 points, to 37,516.77, the steepest one-day drop in two years. Investors had barely calmed down from that fright when Washington reported that the U.S. index of wholesale prices jumped an unexpectedly high 0.7% in December...
...days of cheap and superabundant oil are probably gone. A barrel of crude now costs about $23, up from $17 a year ago, largely because of growing consumption. Rising energy prices were the main reason that the Government's index of wholesale prices increased 4.8% during 1989, the steepest rate since 1981. The forecast for this winter: even if temperatures stay at relatively comfortable levels, relief from higher fuel costs is unlikely...
...rose 0.9%, a surge that reassured investors that the economy has not stagnated. Before closing at 2683.99 for the week, the closely watched index briefly topped the all-time record of 2722.42 it set on Aug. 25, 1987. That was the heady peak from which the Dow began its steepest slide in history, culminating in the 508-point crash...