US stocks went up Tuesday after Monday's slip, with the Dow Jones Industrial Average and the Standard & Poor's 500-stock Index closing at record highs, boosted by dovish remarks by top US Federal Reserve officials.

The blue-chip Dow gained 52.30 points, or 0.34 percent, to 15, 387.58 points. The broader S&P 500 went up 2.87 points, or 0.17 percent, to 1,669.16 points. The tech-rich Nasdaq Composite Index rose 5.69 points, or 0.16 percent, to 3,502.12 points.

Since there was no major economic data due out on Tuesday, the market turned their focus on whether other top Fed officials would give any hints before Fed Chairman Ben Bernanke's closely watched testimony before Congress on the US economic outlook Wednesday.

St. Louis Fed President James Bullard said at an event in Frankfurt, Germany, Tuesday that the Fed should continue quantitative easing to boost economic growth.

New York Fed President William Dudley said in a speech at the Japan Society in New York Tuesday that "I believe we should be prepared to adjust the total amount of purchases to that needed to deliver a substantial improvement in the labor market outlook in the context of price stability."

"Our balance sheet is likely to increase further in size and then stay large for a long time," said Dudley.

The market also regained momentum from Goldman Sachs' upgrading of its forecast for the S&P 500. "We expect S&P 500 index will rise by 5 percent from the current level to 1,750 by year-end 2013, advance by 9 percent to 1,900 in 2014, and climb by 10 percent to 2,100 in 2015," Goldman Sachs said in a research note dated Monday.

The CBOE Volatility Index, considered the fear gauge of Wall Street, advanced 2.69 percent to 13.37.

In corporate news, JP Morgan Chase shares advanced 1.40 percent to 53.02 US dollars after its shareholders voted to keep Jamie Dimon as chairman and chief executive officer (CEO) Tuesday.

Apple shares dipped 0.74 percent to 439.66 dollars as the tech giant's CEO Tim Cook defended the company before Congress Tuesday, as a Senate report showed Apple used its Irish subsidiaries to avoid taxes.

In other markets, light, sweet crude for June delivery lost 55 cents, or 0.57 percent, to settle at 96.16 dollars a barrel on the New York Mercantile Exchange Tuesday. Brent for July delivery fell 89 cents, or 0.85 percent, to close at 103.91 dollars a barrel.

Gold future for June delivery on the COMEX division of the New York Mercantile Exchange lost 6.5 dollars, or 0.47 percent, to settle at 1,377.6 dollars per ounce Tuesday.

The US dollar advanced against most major currencies except the euro Tuesday.