Today, industrials editor and analyst Brendan Byrnes discusses what's behind the Dow's 1%+ drop through midday. To no one's surprise, Europe -- and Spain in particular -- is the main reason for the market's sell-off today. Spain's benchmark 10-year bond yields rose to over 7.5% today, a level that's unsustainable and around the same rate that forced Greece, Ireland, and Portugal into bailouts. Disappointing earnings from McDonald's also helped sink the Dow today, with the fast-food giant posting net income that fell 4% from last year. The strong dollar and exposure to Europe hurt the company. Check out the video below for more on what's driving the Dow's loss today, and the biggest losers so far.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.