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Dow pares gains in last hour of trading, still up sharply

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While the Dow’s gains were sliced in half during the last hour of trading Tuesday, the markets have rallied for three-straight days as traders have hunted for bargains amid optimism Greece will be able to avert a costly default.

Today’s Markets

According to preliminary calculations, the Dow Jones Industrial Average jumped 148 points, or 1.3%, to 11,192, the S&P 500 gained 12.6 points, or 1.1%, to 1,176 and the Nasdaq Composite rose 30.1 points, or 1.2%, to 2,557. The FOX 50 climbed 7.8 points to 857.

Full story: Stocks Rally For Third-Straight Day; Dow Jumps 147