US STOCKS-S&P, Nasdaq slip after 2-day run up; energy drops with oil
* Crude down sharply after 4-day rally
* ADP employment falls short of expectations
* Merck down after earnings, Disney climbs
* Indexes: Dow up 0.1 pct, S&P off 0.3 pct, Nasdaq down 0.1 pct (Updates to afternoon)
By Caroline Valetkevitch
NEW YORK, Feb 4 (Reuters) - The S&P 500 and Nasdaq eased on Wednesday in the wake of a two-day rally as energy shares followed oil prices lower and Gilead and other biotech names declined.
Walt Disney kept the Dow in positive territory. Disney shares jumped 8 percent to $101.64 after quarterly profit topped analysts' expectations.
The S&P 500 energy index was off 1.8 percent as oil prices declined after a four-day surge of nearly 20 percent. U.S. crude was down 8.2 percent following a new build in U.S. crude stockpiles.
The day's dip in stocks follows a 2-day gain of 2.8 percent for the S&P 500, driven largely by the jump in energy shares. Continuación...