For Jan. 11, 2016, here's the top stock market news and stocks to watch based on today's market moves…

How Did the Stock Market Do Today?

Dow Jones: 16,398.57; +52.12; +0.32%

S&P 500: 1,923.67; +1.64; +0.09%

Nasdaq: 4,637.99; -5.64; -0.12%

China's stock market meltdown continued to weigh on the Dow Jones Industrial Average today (Monday). Stocks were on the decline for a sixth-straight session before turning positive in the final hour. The Dow Jones gained 52 points even though the Chinese stock market tumbled another 5.3%, causing China's main index to close at a three-and-a-half-month low. Oil prices hit their lowest levels since 2003.

After the bell, the corporate earnings season unofficially begins with a report from aluminum giant Alcoa Inc. (NYSE: AA). Shares of Alcoa stock were off 1% ahead of today's earnings report. Over the weekend, news broke that the company has earned a $1.5 billion contract from global manufacturing giant General Electric Co. (NYSE: GE).

On the economic front, Atlanta Federal Reserve Bank President Dennis Lockhart suggested there may not be enough reliable data to support an interest rate hike by the central bank in March. Dallas Federal Reserve Bank President Rob Kaplan will give a speech this evening on his outlook for the U.S. economy.

Top Stock Market News Today

Stocks to Watch: GM, F, AAPL, M, YHOO, UA, MS

Stocks to Watch No. 1, GM: Shares of General Motors Co. (NYSE: GM) gained more than 2.4% despite news the company was in court to face a trial regarding the 2014 recall of vehicles over faulty ignition switches. This is the first of six lawsuits that GM will face. Shares of rival Ford Motor Co. (NYSE: F) gained more than 1.7% on the day.

Shares of (NYSE: GM) gained more than 2.4% despite news the company was in court to face a trial regarding the 2014 recall of vehicles over faulty ignition switches. This is the first of six lawsuits that GM will face. Shares of rival (NYSE: F) gained more than 1.7% on the day. Stocks to Watch No. 2, AAPL: Shares of Apple Inc. (Nasdaq: AAPL) gained more than 1.6% as the company looked to recover from a brutal five-day stretch last week in which the stock fell 8%. In positive news, the tech giant announced its streaming music service obtained its 10-millionth subscriber in just six months.

Shares of (Nasdaq: AAPL) gained more than 1.6% as the company looked to recover from a brutal five-day stretch last week in which the stock fell 8%. In positive news, the tech giant announced its streaming music service obtained its 10-millionth subscriber in just six months. Stocks to Watch No. 3, M: Shares of Macy's Inc. (NYSE: M) surged more than 8% on news that activist hedge fund Starboard Value is pushing the company to spin off its real estate holdings. Over the weekend, the hedge fund sent a letter to the company's leaders, urging it to boost shareholder value through the real estate divestitures. Starboard also made news recently after its manager Jimmy Smith called for new leadership at Yahoo! Inc. (Nasdaq: YHOO).

Shares of (NYSE: M) surged more than 8% on news that activist hedge fund Starboard Value is pushing the company to spin off its real estate holdings. Over the weekend, the hedge fund sent a letter to the company's leaders, urging it to boost shareholder value through the real estate divestitures. Starboard also made news recently after its manager Jimmy Smith called for new leadership at (Nasdaq: YHOO). Stocks to Watch No. 4, UA: Shares of Under Armour Inc. (NYSE: UA) fell more than 6.7% after the sports apparel giant received a downgrade from "equal weight" to "underweight" from investment firm Morgan Stanley (NYSE: MS). The investment bank also slashed its price target for the stock from $103 per share to $62 per share.

What Investors Must Know This Week

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