That scripture was written when everyone on Earth was a geocentrist. They believed that the world was the center of the entire universe (though they didn't have much of a concept of "universe" back then).
Today, we rightly would understand this scripture to mean that the Earth just stopped spinning. This causes all kinds of physical problems.
The following is taken from: http://starryskies.com/articles/2003/09/earth.rotation.html
Earth is rotating at a speed of about 1100 miles per hour. If our planet suddenly stopped rotating, the atmosphere would still be in motion at that speed. The atmosphere would be moving so fast it would literally sweep the land masses clear of anything not anchored to bedrock, this would mean rocks, soil, trees, buildings, people and animals. All would be swept up into the atmosphere.