There is a “sort by” option where you can select “Most Recent” update to appear in your news feed, but it is not fixed and will revert back to “Top Stories” on your next login. Here is an easy way to make “Most Recent” the default option.

Simply open the URL: http://www.facebook.com/?sk=h_chr instead of the default Facebook URL. This will force Facebook to display the “Most Recent” update in your news feed.