YEREVAN, May 31. /ARKA/. Stocks posted some modest gains Thursday after a run of unspectacular U.S. economic data eased concerns that the Federal Reserve will start to reduce the amount of financial assets it buys each month.

The advances on Wall Street and European exchanges came after figures showed U.S. economic growth in the first quarter downgraded to an annualized rate of 2.4 percent from 2.5 percent, weekly jobless claims surprisingly up 10,000 and pending home sales rising by far less than anticipated in April.

Developments surrounding the U.S. economy are being closely monitored in financial markets. Investors are trying to work out when Fed policymakers will start to withdraw some of the stimulus programs they have backed over the past few years in an attempt to lower long-term interest rates and shore up the U.S. economic recovery.

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The Central Bank of Armenia said nearly $15.7 million was traded at NASDAQ OMX Armenia stock exchange from 20 to 24 of May. It stood at $12.8 from May 13 to 18, according to the report

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U.S. stocks jumped on Monday after last week appeared to be the worst since the beginning of the year, amid reports of Chinese authorities’ plans to support the economy

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