Global stocks and the dollar held steady on Tuesday as trade talks between the United States and China continued into a second day, giving investors some reason to believe tensions between the world's two largest economies may be easing.

Key Takeaways MP Materials stock is rising in premarket trading Tuesday after a nearly 8% jump yesterday as the U.S. and China launched new trade talks.Officials have said a priority of the talks is getting restrictions lifted on the trade of rare-earth metals,

One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China's releasing of more rare earths.