Dow closes above 47,000 for first time as Iran de-escalation hopes lift stocks

The Dow closed above 47,000 for the first time Tuesday, powered by strong earnings and falling oil prices amid hopes of a US-Iran deal.

• The Dow closed above 47,000 for the first time Tuesday, powered by earnings and falling oil
• The Dow jumped 1000 points to a record on hopes for a Hormuz deal
• Bitcoin flat at $64,000 as stocks print records and Hormuz deal nears
• U.S. nears Hormuz deal, aiming for Wednesday announcement