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U.S. EARNINGS OUTLOOK JUMPS TO SIX-YEAR HIGH ON TAX CUTS

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Companies to say they plan to boost capital spending after tax cuts

The December passage of the tax overhaul package and West Texas Intermediate crude’s breach of $60 a barrel have propelled the S&P 500 three-month earnings estimate revision ratio to its highest level since 2011, according to Bank of America Merrill Lynch.