Rampant speculation | A coronavirus correction? | Bloomberg lands Biden backers

Stocks rose Wednesday as investors continued to weigh the coronavirus' impact on the global economy.

VIEW IN BROWSER | SUBSCRIBE WED, FEB 19, 2020 EVENING BRIEF AS OF WED, FEB 19, 2020 • 04:01 ET DJIA 29347.82 +0.40% +115.63 S&P 500 3386.10 +0.47% +15.81 NASDAQ 9817.18 +0.87% +84.44   Most Active DOW NAME LAST CHG %CHG MSFT 187.28 +0.56 +0.30% CSCO 46.29 -0.30 -0.64% AAPL 323.62 +4.62 +1.45% S&P 500 NAME LAST CHG %CHG AMD 58.90 +2.01 +3.53% GE 12.61 -0.14 -1.10% F 8.00 -0.06 -0.74% NASDAQ NAME LAST CHG %CHG AMD 58.90 +2.01 +3.53% MSFT 187.28 +0.56 +0.30% CSCO 46.29 -0.30 -0.64% EDITOR'S NOTE When a handful of speculative stocks pierce the stratosphere, it's natural for investors to wonder how much longer a market rally has to run.   First it was Tesla, then Virgin Galactic and now a much smaller company called Plug Power - all enjoying remarkable surges in stock value.  This kind of fearless speculation characterizes a market in a late cycle, when all the safe bets have been played,   "It's very difficult to value something that's generating zero revenues," cautioned Mark Tepper of Strategic Wealth Partners on  CNBC's "Trading Nation" on Tuesday regarding Virgin Galactic. "You're supposed to look at projections 10 years from today. I don't know how anyone can accurately predict that far in advance."   The stock market continued reaching for new highs on Wednesday.   Investors are taking comfort from a slowdown in the number of additional coronavirus cases being reported as well as the expectation that the Chinese government will step in further to bolster its economy. But it's not a sure bet.   Goldman Sachs strategist Peter Oppenheimer wrote a note Wednesday warning that investors are underestimating the risk that coranovirus imposes on earnings growth: "A near-term correction is looking much more probable."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Stocks rise to new highs, led by tech shares Fed officials feel rates are likely to stay where they are, minutes show Forget Tesla. Wall Street has found a new favorite speculative stock in Virgin Galactic Add surging Plug Power to the list of stocks seeing big speculative trading right now Democratic debate: Bloomberg takes the stage as Sanders leads, and Biden aims for a comeback Several Joe Biden fundraisers jump ship from his struggling campaign to back Mike Bloomberg Goldman says market underestimating coronavirus risk: 'Correction is looking much more probable' It's never been this hard for companies to find qualified workers Burger King is cutting artificial preservatives and it created a gross new ad to show it off Big Tech's favorite law is under fire     TOP VIDEO Watch CNBC's full interview with DOJ antitrust chief Makan Delrahim on T-Mobile-Sprint merger   CNBC PRO Here's what the best stock-picking hedge funds are buying   SPECIAL REPORTS This stock is outdoing even Tesla this year, but traders have a warning Hide out in this tech play while Apple, chip stocks fall on coronavirus weakness: Trader   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS