Woolworths and Fortescue lower on updates, Newcrest impresses

At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) is overlooking weakness on Wall Street and pushing higher. The benchmark index is currently up 0.3% to 7,087.5 points.

Here’s what is happening on the market today:

Woolworths third quarter update

The Woolworths Group Ltd (ASX: WOW) share price is tumbling lower today following the release of its third quarter update. For the three months ended 31 March, Woolworths reported a 0.4% increase in group sales to $16,566 million. Although this sales result outperformed the market’s expectations, its outlook for the fourth quarter appears to have spooked investors….