Markets are starting the week in classic risk-off fashion, ignoring what has been a better-than-expected earnings season thus far and focusing once again on the challenges facing Europe and their residual effects on global economic activity. Today, the headlines revolve around Spain, the fourth-largest economy in Europe, and the news that multiple regions of the country are in need of support from the central government. As of 3 p.m. EDT, the Dow Jones Industrial Average and S&P 500 were both trading  1% lower, while the tech-heavy Nasdaq Composite was down 1.3%. In the following video, editor/analyst Brenton Flynn runs through the main headlines affecting the market today, and provides a summary of earnings releases from McDonald's and Hasbro.

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