Wall Street edges lower as materials stocks drag

Wall Street was slightly lower in muted trading on Wednesday as a fall in materials stocks offset gains in energy shares, a day after all three major indexes recorded their best day in more than a month. "We're in a holding pattern until Friday, when we get the payrolls number," said Jeff Kravetz, regional investment director at U.S. Bank Wealth Management in Phoenix, Arizona. At 12:41 p.m. ET (1741 GMT), the Dow Jones industrial average was down 15.15 points, or 0.09 percent, at 16,849.93, the