Mumbai, Feb. 1 -- The US stocks slipped on Friday with major averages their early highs and into negative territory. The Dow fell 337.47 points or 0.8 percent to 44,544.66, the S&P 500 fell 30.64 points or 0.5 percent to 6,040.53 and the Nasdaq dipped 54.31 points or 0.3 percent to 19,627.44. For the week, the Dow rose by 0.3 percent, but the S&P 500 fell by 1.0 percent and the Nasdaq lost by 1.6 percent. Stocks showed a notable move after White House press secretary Karoline Leavitt confirmed President Donald Trump's threatened tariffs will be levied against major U.S. trading partners beginning Saturday.

The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with econom...