Stocks are set to open slightly lower on Monday following news of potential new tariffs on Europe from President Trump. The S&P 500 closed 0.33% lower on Friday amid tariff-related uncertainty but is expected to open just 0.2% lower today. Investor sentiment remains elevated with 41.4% of individual investors being bullish. The S&P 500 is in short-term consolidation with support near 6,150 and resistance at 6,300. The Nasdaq 100 continues its sideways movement, potentially forming a topping pattern. The VIX rebounded to 17.24 on Friday despite calm market action, indicating market volatility. Oil prices rose 2.82% on Friday and are trading above $69, driven by expectations of tighter global supply.

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