U.S. stocks edged up on Tuesday, lifting the Dow and S&P 500 further into record terrain, as investors found little impetus to move decisively in one direction or the other.

"The bond market is closed, and it's one of the drivers in the market. When it's closed, we tend to have lower volume and less-volatile days, as we don't have a yield to look at and say this is bullish or bearish," said Art Hogan, chief market strategist at Wunderlich Securities, referring to the Veterans Day holiday that had the federal government closed, along with the U.S. Treasury market.