Volatility returned Tuesday after a two-day hiatus. President Trump sent the markets haywire with the announcement that the U.S. would pull out of its nuclear deal with Iran. The Dow finished slightly higher after trading lower for much of the session.

The move could prove costly to American consumers because exiting the deal could prompt oil and gasoline prices to rise. Oil pared earlier losses as uncertainty about whether Trump would withdraw from the deal dissipated. U.S. benchmark West Texas Intermediate crude contracts for June delivery tumbled 2.4% to $68.06. Prices settled above $70 on Monday for the first time since late 2014. Brent crude, the global benchmark, dropped 2.5% to $74.30.

Elsewhere in the markets beaten-down General Electric (GE)  was in the black on Tuesday after one analyst upgraded the company due to the increasing prospects of a break-up. Jim Cramer weighed in on the Action Alerts PLUS holding, as well, running through a laundry list of options all of which give GE shareholders more value than the current stock price presents. Importantly, Cramer highlights the value of Baker Hughes (BHGE)  , which is tied in many ways to the price of oil. Cramer says that oil prices seem destined to rise, especially because "Putin needs oil higher and the Saudis want oil higher so they can do the Aramco deal, a trillion dollar offering." He adds: "That's going to put a floor under oil and make it so that some company will be able to raise money to buy these assets," he writes for TheStreet's premium site Real Money. GE ended Tuesday up about 2% at $14.27 per share. Its 52-week-low is $12.73 hit April 9.

Speaking of break-ups it may not be too long before organic food company Hain Celestial (HAIN)  is sold outright. The company has a "robust level of interest" from potential bidders for its Pure Protein chicken and turkey unit, the organic and vegetarian food maker's CEO, Irwin Simon, said on Tuesday. Once Pure Protein is sold, it will make the rest of Hain more attractive to the biggest packaged goods companies, such as Nestlé, Unilever (UN)  , General Mills (GIS)  , Conagra Brands (CAG)  , or Pinnacle Foods (PF)  , writes The Deal's Ron Orol, citing people familiar with the situation.

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Photo of the day: The iconic No. 2

"Make sure you bring two, sharpened No. 2 pencils for the exam tomorrow." It's a line most of us remember -- fondly or maybe not-so-fondly -- from our youth. That line was likely ringing in many Wall Streeters' ears on Tuesday, as Dixon Ticonderoga, the company behind the iconic yellow No. 2, announced it had agreed to acquire arts and crafts products supplier Pacon Group for $340 million. Dixon Ticonderoga traces its beginnings back 1795 having been founded out of the graphite mines in Lead Mountain and processed in Ticonderoga, N.Y. In 2005 the company was acquired by Italy-based school supplies maker Fila. Read More

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