The Federal Reserve

U.S. stocks got a sharp growth, with the S&P on track to break a sell-off lasted for three days, after data showed existing home sales rose to their highest level in two-and-a-half years and investors were made believed by a Fed official's comments.
 The National Association of Realtors conducted a survey showed sales of previously owned U.S. homes rose 10.1 percent in October. The Dow Jones U.S. Home Construction index gained nearly 2 percent.

The Federal Reserve issued a guidance letter on Tuesday indicating that bank need to check with the central bank should they plan to pay dividends to address "safety and soundness concerns." The bank holding companies need to notify the Fed of any dividends that exceed earnings for the quarter or if the bank’s capital position is likely to deteriorate.