US STOCKS-Wall St dips after 2-day run as energy rally stalls
* Crude falls after 4-day rally
* ADP employment falls short of expectations
* Merck down after earnings, Disney climbs
* Indexes: Dow up 0.16 pct, S&P off 0.22 pct, Nasdaq 0.31 pct (Adds ISM services data)
By Chuck Mikolajczak
NEW YORK, Feb 4 (Reuters) - U.S. stocks dipped 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, short of the 225,000 estimate.
Oil prices declined after a four-day surge 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 5.1 percent to $50.37 and Brent was off 3.6 percent to $55.83. The S&P energy index lost 1.4 percent.
"We've had an enormous rally in oil the past couple of days. Today it's down, so that definitely seems to be it," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin, Texas. Continuación...