Dow eliminates a gain of 187 points to become negative Thursday morning against the hawks of the Fed, the data weakness

US stocks stumbled Thursday late in the morning, foregoing gains earlier that day from two central bank speakers at a closely followed symposium at Jackson Hole, Wyo., And weak manufacturing data. The Dow Jones Industrial Average

DJIA, -0.02%

was 85 points, or 0.3%, below 26,120, after the blue chip index gained up to 187 points at the top of the session. The S & P 500 index

SPX, -0.28%

fell 0.6% to 2,907 and the Nasdaq Composite Index

COMP -0.63%

declined by 0.9%, undergoing the most severe reversal of major indices, to reach 7,948. A new inversion of the so-called yield curve, where the gap between the 2-year Treasury bill

TMUBMUSD02Y, + 1.03%

exceed 10-year treasury bills

TMUBMUSD10Y, + 0.21%,

a condition that preceded the last seven economic recessions, also shattered investor sentiment. Kansas City Fed President Esther George said Thursday in an interview with CNBC that she would not support further interest rate cuts and Philadelphia Fed President Patrick Harker said said he reluctantly supported the July rate cut, but now wants to keep rates unchanged. On the economic front, the latest publication of IHS Markit's purchasing director for the US manufacturing services sectors, released Thursday, showed that the manufacturing sector is in contraction with a reading of 49, 9 in August, up from 50.4 in July and a slowdown in the services sector to 50.9 in August. from 53.0 in July, the lowest level in 3 months.