NEW YORK, Aug. 27 -- Seventeen of the Nasdaq 100's thirty biggest components fell on Tuesday. The index itself dropped 0.8% to settle at 21,483 - a meaningful decline for a single session, but one that the market absorbed as an orderly adjustment rather than a rout. The common thread running through the day's losses was a single event: NVIDIA's earnings, scheduled for release Wednesday after the close.

The Nasdaq 100 tracks the 100 largest non-financial companies listed on the Nasdaq stock exchange, weighted by market capitalization. With a combined market cap of approximately $22.4 trillion, the index is the largest concentration of technology and technology-adjacent companies in a single benchmark anywhere in the global equity market. ...