Axis Capital Soars: Fed Pivot Hopes Fuel Rally

Axis Capital Holdings Limited rose 1.63% intraday. The increase in stock price may be attributed to the tentative optimism among investors regarding a potential dovish pivot from the Federal Reserve, as indicated by the release of the May labor report showing solid, albeit not stunning, job growth and earnings. This optimism suggests that slightly bad news might be enough to justify a rate cut, which could positively impact the stock market.