How Stocks Nearly Triggered a Market-Wide Trading Freeze Thursday

The S&P 500 fell 3.8% on Thursday as chip stocks crashed, bringing the index close to triggering a market-wide circuit breaker halt. The piece explains how circuit breaker trading halts work and how near the market came to one. A broad equity selloff of this size matters to crypto traders because risk-off moves in stocks often spill into digital assets, and a trading freeze would hit liquidity across markets.