Nike and Under Armour face off, Investors hoard cash and tech M&A heats up

It's another down day on Wall Street. All three major indexes (^DJI, ^GSPC, ^IXIC) are solidly in the red as investors digest weak U.S. economic data and keep a watchful eye on Greece.

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Here are some of the other stories Yahoo Finance is keeping an eye on today.

Out with the old tech in with the new tech

We've seen some major consolidations over the past week—Avago (AVGO) acquired Broadcom (BRCM), Equinix (EQUIX) bought Tele-city, and Intel (INTC) is nearing a deal with Altera (ALTR). Meanwhile, reports have surfaced that Snapchat is in the process of raising $650 million in equity, which would value the company at $16 billion dollars. Is this a tale of two techs and are more mergers to come?

Investors hoarding cash

Investors around the world are hoarding cash. According to Reuters, they’re afraid that stocks and bonds will soon fall from record-highs are are sticking with the green stuff. The share of cash in portfolios is at a seven month high and property allocation is also on the rise. Is it time to sell?

No net

Under Armour (UA) may be stealing Nike's (NKE) thunder with its new power player, Steph Curry. Curry's team, the Golden State Warriors, advanced to the NBA finals for the first time in 40 years. This is a big score for Under Armour, as the company released its first basketball shoe with Curry earlier this year.

Next week

And it's Friday...watch the video above to see what our panel is looking forward to next week!