Sugar was lower again after trading both sides of unchanged. The primary focus of the market remains big supplies. Increased offers from India and Thailand combined with good supplies available from Brazil keep overall trends down.
Facebook Inc. rose as much as 4.1% following an announcement that it will join the benchmark Standard & Poor’s 500 Index next week, cementing the social-networking company’s recovery from the turbulence that surrounded its initial public offering last year.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
Paul Volcker said he wasn’t involved with writing the final version of the rule that bears his name.