Six initial public offerings are scheduled for next week, according to Renaissance Capital  including Bloomin' Brands, which owns Outback Steakhouses, and Manchester United Ltd., owner of the legendary British soccer team. Professional sports teams rarely sell shares to the public, let alone one as storied as Manchester United.

Economic data scheduled for release next week include the June U.S. trade deficit and July import prices. The trade gap narrowed for the second straight month in May with exports picking up and lower oil prices helping to keep down the price of imports. At the same time the price of imports coming into the U.S. declined the most in three years in June, also impacted by lower oil prices.