I like reading stock news twice a day. Once, during trading when they have no idea what is happening in the trenches. And then again in the evening, to see what creative narrative msnbc came up with to justify a total about-face from what they wrote a few hours earlier.
I regularly see some article on the iPhone stock app saying something like "Dow (rise|plunge) on <reason>, markets wrapped", five minutes after open. Look guys, "markets wrapped" means "it's after close" and that doesn't happen for another 6:55 hours...
Not to mention -1% is not a "plunge", it is well within the normal variance.