CNBC Daily Open: Roaring Kitty's wealth, Modi's victory

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Wall Street ekes out gains
The Dow Jones Industrial Average rose after softer-than-expected employment data raised the prospect of an interest rate cut. The S&P 500 inched up 0.15% and the Nasdaq Composite did marginally better, up 0.17%. Bath & Body Works was the worst-performing stock on the S&P 500, plunging almost 13% on disappointing guidance. The yield on the 10-year Treasury slipped 7 basis points. U.S. oil prices fell more than 1% as OPEC+ announced plans to phase out production cuts.

Modi claims victory in tight race
India's Prime Minister Narendra Modi declared victory late on Tuesday, but in a shock loss, his party fell short of an outright majority. Completed vote counts showed Modi's ruling Bharatiya Janata Party (BJP) won just 240 seats, down from 303 in 2019, requiring power-sharing agreements for a third term. The wider BJP-led National Democratic Alliance (NDA) is set to win 294 seats, with 272 needed to form a government. "People have placed their faith in NDA, for a third consecutive time! This is a historical feat in India's history," Modi said on X.

Roaring Kitty's wealth
Keith Gill, who has championed meme stock GameStop, has seen his wealth soar from $53,000 to over $289 million in almost five years. On Monday, Gill shared a screenshot of his portfolio, showing he made a whopping $79 million on paper in a single trading day. With his 5 million shares of GameStop, if he were to exercise his 120,000 call options at $20 apiece, that would give him an additional 12 million