Eagles almost gave Burnley the lead after 62 minutes when he escaped the attentions of Samir Nasri and Mikael Silvestre on the right flank before striking the woodwork with a rising angled drive.
Wolves were stunned and things soon got worse when Davies slid an astute pass through to Lee on the right flank and his cut back found Scottish-born American Holden who drilled a sweetly struck drive from 15 yards into the corner, his first Premier League strike.