Stocks may fall back into a holding pattern Tuesday.
With the Toronto stock market’s key index at an all-time high, global indicators were mixed.

Wall Street futures suggested a weak start while crude-oil prices dipped.

European indexes fell in early action.

Tokyo’s benchmark Nikkei 225 index fell 40.4 points, or 0.23%, to 17,292.91.

In Hong Kong, the blue-chip Hang Seng Index rose 36.34 points, or 0.2%, to 16,100.09. It was the highest close for the index since February 2001.

The Canadian dollar opened at US85.48¢, up 0.17 of a cent.

Oil prices dipped Tuesday as traders continued to take gains from a recent rally. Light sweet crude for May delivery fell 53¢ to US$66.21 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe.

Toronto stocks rallied Monday on the strength of resource issues, setting yet another record close.

The S&P/TSX composite index gained 100.25, or 0.83%, to 12,210.86.

The S&P/TSX Venture composite index gained 26.87, or 0.92%, to 2,939.85.

In New York, U.S. stocks were higher on encouraging economic and corporate news.

The Dow Jones industrial average was up 91 points at 11,200, off a session high of 11,247.87. The Nasdaq composite index rose four points to 2,344. The S&P 500 Index gained nine points to 1,304.

Shares of General Motors slumped 5.3% after the auto maker said it agreed to unload a 51% majority stake in General Motors Acceptance Corp., or GMAC, to investors led by Cerberus Capital Management for about US$14 billion, payable over three years.