12:26 PM EDT, 03/13/2024 (MT Newswires) -- Wall Street's major market averages were mixed Wednesday afternoon as traders awaited key economic data, including producer prices, scheduled for release later in the week.

Dollar Tree ( DLTR ) fell nearly 15% in recent trading after the company reported fiscal Q4 adjusted earnings of $2.55 per diluted share. Analysts polled by Capital IQ expected $2.65. Revenue stood at $8.64 billion. Analysts surveyed by Capital IQ expected $8.65 billion. The company also said it plans to close about 600 Family Dollar stores in H1 of the current fiscal year.

PayPal ( PYPL ) rose 4% after the company said it appointed Aaron J. Webster as chief enterprise services officer, starting March 18. He most recently served as chief risk officer and global head of operations at SoFi Technologies ( SOFI ) .

Snap (SNAP) and Twilio ( TWLO ) rose roughly 1% and Meta Platforms ( META ) traded down 1% in recent trading after the US House of Representatives passed a bill that could potentially ban TikTok in the US. The bill is now headed to the Senate.

Tesla (TSLA) fell 3% as Wells Fargo downgraded the stock to underweight from equalweight and adjusted its price target to $125 from $200. Separately, the company's gigafactory in Germany resumed production after a suspected arson attack on a nearby electricity pylon knocked its power out on March 5, local broadcaster rbb reported.

Price: 127.75, Change: -21.95, Percent Change: -14.66