NEW YORK, Feb. 27 (UPI) -- The benchmark S&P index closed at a record high Thursday, following Janet Yellen's testimony to Congress and despite mixed economic data in recent months.
The S&P 500 finished the day 9.13 points, or 0.5 percent higher at 1,854.29, above the all-time high of 1848.38 it reached six weeks ago. But that was short-lived as the index dropped 5.8 percent over fears about emerging markets. The S&P has since bounced back despite poor economic data that many economists have linked to the unusually cold weather.