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Dow Jones futures remained relatively unchanged ahead of Tuesday's market open, along with S&P 500 futures and Nasdaq 100 futures, in overnight trading. The Dow Jones Industrial Average experienced a surge of over 500 points on Monday as investors prepare for the Federal Reserve's upcoming interest rate decision on Wednesday. In other news, Tesla stock dipped below the $200 price level.

Investors are eagerly watching the Federal Reserve meeting, set to conclude at 2 p.m. ET on Wednesday, followed by Chairman Jerome Powell's news conference. Market expectations indicate no chance of a rate hike at this meeting, with only a slim possibility of a hike on December 13th.

The Labor Department's October jobs report is scheduled for release on Friday. Economists predict a net gain of 172,000 jobs and an unemployment rate holding steady at 3.8%.

This week also marks the highly anticipated Apple earnings report, set to be released on Thursday.

After-hours trading on Monday saw significant movements in earnings-related stocks. Arista Networks (ANET) rallied 3.5%, while Lattice Semiconductor (LSCC) experienced a steep decline of 14%. Monolithic Power (MPWR) surged over 8%, and Pinterest (PINS) saw a 10% increase in share prices. Rambus (RMBS) closed slightly lower.

The stock market witnessed a strong performance on Monday, with the Dow Jones Industrial Average rallying 1.6% or 510 points. The S&P 500 and the Nasdaq composite both advanced 1.2%.

However, electric-vehicle giant Tesla (TSLA) suffered a nearly 5% drop in stock price, while Nvidia (NVDA) gained 1.6%. Tech giants Apple (AAPL) and Microsoft (MSFT) traded higher, with AAPL stock up 1.2% and Microsoft shares up 2.3%.

Meanwhile, several stocks including International Seaways (INSW), Lululemon Athletica (LULU), Light & Wonder (LNW), and Tradeweb Markets (TW), along with Dow Jones stocks Walmart (WMT) and UnitedHealth (UNH), remain top contenders, as investors navigate through the ongoing market correction.

10-year U.S. Treasury yields stabilized near their long-term highs, settling at 4.87% on Monday. On the other hand, oil prices experienced a 4% downturn as West Texas Intermediate futures closed just below $82.50 a barrel.

Investors are advised to approach the market correction cautiously, with IBD recommending a stock market exposure level of 0%-20%. As a new market rally attempt commences, investors are advised to remain vigilant for emerging market leaders and stocks that outperform the broader market.

Dow Jones retail giant Walmart is currently forming a cup base with a potential buy point of 165.85, while healthcare giant UnitedHealth is constructing a handle, which may provide a buy point at 546.78.

Other stocks to watch include International Seaways, currently attempting to break out of a cup-with-handle formation with a buy entry at 48.40. Lululemon is still below a flat base's buy point of 406.94, and Light & Wonder is tracing a flat base with a potential buy point of 79.97. Tradeweb recently broke out of its flat base's buy point of 87.53 and is showing resilience amidst the market downturn.

Overall, these are the top stocks to watch in today's stock market, including leaders from the Dow Jones index.