Paramount stock fell 4% and Warner Bros.

Discovery by 2%.

Nexstar, Charter, Fox, Comcast, Snap, Roku and Google parent Alphabet lost ground.

Stocks Close Down After Wild Ride Amid Tariff Chaos

President Donald TrumpAndrew Harnik/Getty Images

Tariffs are expected to raise prices for many goods even as post-Covid inflation lingers.

The Dow Jones Industrial Average fell about 500 points.

The Nasdaq, S&P 500 and Russell 2000 all ended lower.

Donald Trump speaks to a joint session of Congress on Tuesday.

The doubling came after Ontario threatened to raise surcharges on electricity sent to the U.S. USCMA is the United States-Mexico-Canada Agreement on trade.

Those cars can easily be made in the USA!

He met with tech executives at the White House on Monday, which saw a major market selloff.