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(Close): Disney shares closed down 9% after disappointing earnings figures sparking share price falls in rival cable companies.

subscriber numbers for its sports channel ESPN had dropped. Viewers are moving away from packages offered by cable companies to simpler services and stand-alone streaming.

fell 9%, despite better-than-expected profit figures.

The shed 0.06% to 17,067 points.

The S&P 500 gained 0.31% to 2,099.88 points. The rose 0.67% to 5,139.95 points.

13% after reporting lower advertising sales and a strong dollar for below forecast profits.

7%, 5% and 7%.

Barton Crockett, an analyst at FBR Capital Markets, said: "If Disney can get dinged, maybe nobody's safe."

But bucking the trend, -than-expected revenue and profit and shares rose 4%.

rose 6% after the travel company reported profit and revenue that beat analysts' forecasts.

, up 17% and , turned an earlier 2.3%, gain into a loss of 1% despite releasing results that pleased investors.

Economic data was disappointing.

Private employers hired 185,000 workers last month, according to the ADP National Employment Report. That fell short of economists' forecasts for an increase of 215,000.

The report also revised down June's private payroll gains to 229,000 from the 237,000 reported before.

Investors will be looking to Friday's non-farm payroll data.