America’s biggest companies are reporting some of the strongest earnings growth since the recession, boosted by lowered tax rates and a robust U.S. economy that is fueling demand across industries.

Profits at S&P 500 companies jumped an estimated 23.5% in the three months through June, according to data from Thomson Reuters, more than 21/2 times revenue growth in the same period.

The profit gains, which stretched across all S&P sectors, from energy to health care, have helped sustain a stock-market rally that sent major indexes to near records and made Apple Inc. the first U.S. company worth $1 trillion.

“We are encouraged by the strength of the U.S. economy, including low unemployment and healthy housing demand,” Whirlpool Corp. Chief Financial Officer James Peters said on an earnings call in late July.

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