Global stocks were little changed, as major indexes hit resistance after a recent prolonged rally.

The euro fell about 0.4 percent while long Treasury bonds lost more than one point in price as the US nonfarm payrolls report for January did not fundamentally change investors’ view that the world’s largest economy is recovering but more monetary stimulus is needed.

“The employment report is stronger than the headline as weather probably damped it,” said Bret Barker, portfolio manager with the TCW Group. “This is true especially when you contrast it to the other employment data points we are seeing in the PMIs and jobless claims.”

Tom Bentz, a broker with BNP Paribas Commodity Futures in New York, said markets were being kept on edge by events in Egypt. “Markets are still concerned about Egypt unrest continuing. Traders may still be concerned about being short ahead of the weekend,” he said.

The euro fell as low as $1.3546 on trading platform EBS, below a key support level of $1.3570. It last traded at 1.3572, 0.43 percent lower.

The dollar also gained against other major currencies, with the US Dollar Index up 0.5 percent. Against the Japanese yen, the greenback strengthened 0.72 percent to 82.18. “The drop in the jobless rate is a surprise and the dollar is rallying on this,” said Brian Dolan, chief strategist at Forex.com in Bedminster, New Jersey. “Yields are moving up and while job creation not where people want it to be, the feeling is there is an underlying momentum there.”

Traders also said the fall in the euro through the key support level of $1.3570 suggested that a three-week rally in the single currency may be showing signs of exhaustion.

Investors also dumped US Treasury bonds after the jobs report, sending yields on long bonds to a near 10-month high.

Prices of 30-year bonds fell 35/32, sending yields to 4.7369 percent, their highest since April 15, 2010. The 10-year US Treasury note was down 29/32 in price, with the yield at 3.6638 percent.

The jump in Treasury yields increased fears that US mortgage rates could rise toward 5 percent and further weigh on the struggling US housing market.

World stocks were little changed as investors preferred not to take on large positions in face of continuous unrest in Egypt.

The Dow Jones industrial average was down 13.97 points, or 0.12 percent, at 12,048.29, while the Standard & Poor’s 500 Index dipped 2.00 points, or 0.15 percent, to 1,305.10. The Nasdaq Composite Index was nearly flat at 2,755.39.

Major indexes faced resistance after the Dow opened above the 12,000 mark for a third consecutive day.

“Despite the general bullishness in the market, we’ve been trading sideways for a while” because the market needs a small pullback to move beyond the technical ranges, said James Dailey, portfolio manager of TEAM Asset Strategy Fund in Harrisburg, Pennsylvania.

In Europe, the FTSEurofirst 300 index of leading shares closed 0.23 percent higher, supported by construction stocks.

MSCI’s All-Country World Index was practically unchanged at 340.8 points, while its benchmark emerging market index was 0.2 percent lower.