Coronavirus hot spots shouldn’t wreck the historic rally: Jim Paulsen

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Market bull Jim Paulsen believes coronavirus hot spots across the country won’t wreck the recovery.

According to the Leuthold Group’s chief investment strategist, new cases won’t widely impact the economic reopenings.

“At the same time those are having hot spots, New York is being brought back online,” he told CNBC’s “Trading Nation” on Monday. “The economic reports are going to continue to improve, and hot spots are going to affect not whether the economy grows or not, but whether it grows faster or slower.”

Despite his optimism, Paulsen warns the coronavirus risk isn’t going away anytime soon. He contends investors

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Stock futures flat following rally in the previous session

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U.S. stock futures were flat in overnight trading, as investors continue to weigh improving economic data against the prospect of new business shutdowns after a resurgence in coronavirus cases. 

Dow futures rose 15 points, indicating a gain of 0.07% at the open on Tuesday. The S&P 500 and Nasdaq-100 were also set to open slightly higher, with gains of 0.06% and 0.01%, respectively. 

On Monday, the Dow Jones Industrial Average rose 153 points, or 0.6%. The S&P 500 also registered a gain, climbing 0.7%.

The Nasdaq Composite was the outperformer, rising more than 1%, thank to helps from mega-cap technology

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Carnival, T-Mobile, Virgin Galactic and more

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Carnival Cruise Line’s Carnival Ecstacy cruise ship is docked at the Port of Jacksonville amid the Coronavirus outbreak on March 27, 2020 in Jacksonville, Florida.

Sam Greenwood | Getty Images

Check out the companies making headlines after the bell.

T-Mobile — The telecommunication company’s stock fell 1% in extended trading after it announced that SoftBank will sell about 198 million shares of T-Mobile worth about $21 billion. The sale represents around 65% of SoftBank’s stake in T-Mobile.

Carnival Cruise — The cruise operator’s stock dropped 1% after the market closed. Carnival tweeted Monday that it is canceling all cruises through

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San Francisco wants OK to reopen barbershops, outdoor bars ahead of schedule

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A worker wearing a protective mask cleans a table in front of a pizza restaurant in San Francisco, California, U.S., on Monday, June 15, 2020.

David Paul Morris | Bloomberg | Getty Images

San Francisco officials are seeking state approval to accelerate the city’s reopening of some businesses such as bars, barbershops and nail salons as soon as next week, Mayor London Breed announced Monday.

The city has sent a request to the state to move into its next phase of reopening on June 29, rather than mid-July as was previously scheduled, Breed said. She added that if the state

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