US stocks set to open higher after strong week following Trump's reelection

U.S. stocks are expected to open higher on Monday after a strong week, marking their best performance of the year following Donald Trump's reelection. The S&P 500 rose 4.66%, and the Dow gained 4.61% last week. In premarket trading, the SPDR S&P 500 ETF Trust increased by 0.28%, while the Invesco QQQ ETF fell by 0.28%. Most sectors saw gains, particularly consumer staples and utilities, although materials and communication services declined. Investors are now looking ahead to key economic data, including the Consumer Price Index, which is expected to show a slight increase in inflation. Analysts suggest the market may experience some consolidation after last week's surge.