US STOCKS-Wall St rally loses momentum
* Japan's Nikkei posts biggest one-day gain in 7 years
* Netflix rises 6.3 pct, set to break 7-day losing streak
* Barnes & Noble falls after sales fall for 5th straight quarter
* Indexes up: Dow 0.01 pct, S&P 0.07 pct, Nasdaq 0.24 pct (Updates to early afternoon)
By Tanya Agrawal
Sept 9 (Reuters) - Wall Street trimmed early gains and was little changed in early afternoon trading on Wednesday as the rally fueled by hopes of further stimulus measures in China faded.
The three major indexes had been up as much as 1 percent earlier in the day, building on Tuesday's gains.
China's Ministry of Finance said on Wednesday the government will strengthen fiscal policy, boost infrastructure spending and speed up reform of its tax system, adding to other steps to reenergize sputtering growth.
The Shanghai Composite closed 2.3 percent higher on Wednesday. Adding to the positive sentiment, Japan's Nikkei 225 rose 7.7 percent, its biggest one-day rise since the global financial crisis, as Prime Minister Shinzo Abe signaled a cut in corporate taxes. Continuación...