Lucas Jackson/Reuters
- US stocks extended their gains on Tuesday as market volatility continues to recede after last month's banking crisis.
- The CBOE Volatility Index fell below 19 on Monday, marking its seventh consecutive daily decline.
- The drop in volatility comes as interest rate hike forecasts from the Fed continues to soften.
US stocks were mostly higher on Tuesday as market volatility continues to recede following last month's banking crisis.
The CBOE Volatility Index fell below the 19 level on Monday, marking its seventh consecutive daily decline. A VIX below its long-term average level of 20 is seen as a low volatility market environment.