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Market Snapshot: Stock-market investors eager for more guidance on tax-cut impact

It’s still early, but so far fourth-quarter earnings season is confirming what most investors had already suspected: a lower corporate tax rate is likely to boost profits and may even percolate into the broader economy.

As of Friday, 11% of S&P 500 SPX, +0.44% companies had reported earnings with two thirds of them beating estimates and about a fifth coming in below expectations, according to FactSet. Analysts polled by FactSet expect earnings grew 9.5% in 2017, while revenues grew 6.2%.

But it’s the guidance from companies, especially regarding the tax cut, that investors will continue to closely monitor.

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