Santa Claus has really come to town — or at least Wall Street. US stocks are set to close out the year at record highs as investors make optimistic bets that the Federal Reserve will cut interest rates — but experts say the rally’s longevity into 2024 will depend on whether Fed Chair Jerome Powell maintains his dovish turn. The broad-based S&P 500 was up 0.16% and hovering a few points short of its all-time high of 4796.56 amid the so-called Santa Claus rally — the last trading week of the year. The Dow Jones Industrial Average was flat in intraday trading after a string of all-time high closes that have taken the index to nearly…
