Joe Biden won the elections according to major news stations, even though some states are still counting and with many lawsuits coming from Trump team official results can still be weeks away. We can expect recount in some states, but Trump chances of fliping the votes are slim, he would need around 60 thousands votes in 3 states to flip this election which is unlikely. Main focus right now is on Senate as Democrats failed to flip enough seats and will likely be in minority again, but for that we have to wait until January where 2 seats will be decided in run off election in Georgia as neither candidate got 50% votes and Democrats need to win them both to get to tie in senate, where in case of a tie VP has extra vote. However it is unlikely as Georgia is Republican state and in case of those elections Republican won the first round and in case of second seat, there were two Republican candidates which got over 60% votes total. This is a reason why stock market didnt start to fall as Repuplican senate will mean that many laws passed under Trump administration will remain. (Collins, Wall Street Journal)