British defense company QinetiQ said it has reached a deal to sell its U.S. Federal IT Services Business to V2X for $31 million, as part of its continuing U.S. restructuring program.

U.S. stocks edged back from their record heights on Monday in Wall Street’s final moves before an upcoming update on inflation. The S&P 500 dipped 0.3% after flirting with its all-time high, which was ...