Yabba Dabba Doo Stocks Soar to Prehistoric Highs

• The S & P 500 and Nasdaq indices have hit new highs, driven by tech giants like Apple and Nvidia.
• Jim Cramer's "Own it. Don't trade it" strategy proves fruitful with Apple and Nvidia investments.
• Inflation data and Boeing's orders are key events to watch, impacting market sentiment.
• Unequal ETF performance indicates market concentration in top stocks.

Rockin' Record Breakers

Yabba Dabba Doo, folks. Fred Flinstone here, reporting live from Bedrock. Let me tell ya, even a caveman like me can see these numbers are somethin' special. The S & P 500 closed above 7,400 for the first time. I tell ya, I almost dropped my bronto-burger. The Nasdaq 100? Hit a new high too. All those fancy-pants tech stocks must be doin' somethin' right. Reminds me of when Barney tried to invent the automatic bowling ball polisher. Didn't quite work, but he had the spirit. This market's got spirit, alright.

Apple and Nvidia: The Stone Age Powerhouses

Now, these Apple and Nvidia fellas, they're like the Wilma and Betty of the stock market: always in the spotlight. Apple's up nearly 8% this month, and Nvidia's not far behind. Even Jim Cramer – that fella on the talking box – is makin' a mint off 'em. He says, "Own it. Don't trade it." Sounds a lot like Wilma tellin' me to hold onto my bowling ball instead of tryin' to trade it for a dinosaur rib. And speaking of holding on, if you want to know more about potentially risky investments, be sure to read Weight Loss Pill Frenzy The Slimming Games Begin. It might save you from a situation that has you yelling "Wilmaaaaaa".

FedEx Flies Low

Even the best companies are gonna have tough times, and FedEx is no exception. The stock's added 3% in the past three months. But the State Street SPDR S & P Transportation ETF (XTN) has added 0.4% in the past month. That's not exactly cause for a Bedrock Block Party. Still, Raj Subramaniam, the big cheese at FedEx, is gonna be on "Mad Money." Maybe he'll have some good news. Either way, let's hope the delivery birds start flyin' a little higher.

Unequal Weights, Unequal Gains

Now, here's where it gets a little tricky. The Invesco S & P 500 Equal Weight ETF (RSP) only gained 3.7% in the past month, while the regular S & P 500 shot up 8.7%. What does that mean? Well, it looks like a few big companies are pullin' all the weight. Nvidia, Apple, Microsoft, Amazon, Alphabet – they're like the bowling pins that keep gettin' knocked down, but keep comin' back for more. The rich get richer, eh? Reminds me of Mr. Slate and his fancy dinosaur-powered car.

Inflation: A Dino-Sized Problem

Tomorrow, we find out what's happenin' with inflation. The April consumer price index is comin' out, and everyone's holdin' their breath. The experts think it'll jump 3.7% year over year. Let's hope it ain't higher than that. A big jump in inflation is like Wilma findin' out I spent all our clams on a new bowling ball – not a pretty sight.

Boeing's Bird Watch

And finally, we're keepin' an eye on Boeing. Their April orders and deliveries are comin' out too. Phil LeBeau from CNBC will have all the numbers. Boeing's been tryin' to get back on track after some bumpy flights. Hopefully, they'll have some good news. A strong Boeing is good for everyone, like a bronto-crane that can lift even the biggest rocks.