US STOCKS-Wall St down after 2-day run after ADP as energy drags
* Crude falls after 4-day rally
* ADP employment falls short of expectations
* Merck down after earnings, Disney climbs
* Indexes off: Dow 0.2 pct, S&P 0.47 pct, Nasdaq 0.59 pct (Updates to market open)
By Chuck Mikolajczak
NEW YORK, Feb 4 (Reuters) - U.S. stocks lost ground in early trade on Wednesday, in the wake of a two-day rally for the S&P 500, as oil prices declined and labor market data disappointed.
The ADP National Employment Report showed private employers added 213,000 jobs in January, falling short of the median forecasts of analysts of 225,000 jobs.
Oil prices declined after a four-day rally of nearly 20 percent as a new build in U.S. crude stockpiles put a global glut back in focus. U.S. crude was down 3.3 percent to $51.32 and Brent was off 2.6 percent to $56.43. The S&P energy index lost 1.7 percent as the worst performing S&P sector.
"Oil has been the big driver. We have seen oil moving strongly since last Friday and certainly the energy sector was leading the market higher," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois. Continuación...