Stocks were higher Monday as some corporate deals were in process and there were hints at the European Central Bank making moves to stimulate the European economy.

The S&P 500 crossed over the 2,000 mark, a record high before closing at 1,997.92. Financials helped the S&P 500's 0.5 percent gain for the day.

"Closing above 2,000 would be a bit more significant because then you can bounce from there; it gives people a sense of confidence more than anything else; it's a psychological mark, not a technical mark," JJ Kinahan, chief strategist at TD Ameritrade told CNBC.

European Central Bank (ECB) President Mario Draghi spoke in Jackson Hole, Wyoming at a meeting of central bankers. His remarks were mostly positive.

"Mr. Draghi's comments, his assurances that the European Union is as dedicated to keeping their markets as healthy as we are, it gave the market an excuse to test that 2,000 level," said Kinahan.

Big Coffee/Doughnut/Burger Deal?

Burger King Worldwide is trying to purchase Tim Hortons. The proposed combination would involve a move for Burger King's corporate headquarters to Canada. The move for Burger King could save them a considerable amount in taxes. Shares of Tim Hortons (THI) saw a 23-percent jump Monday afternoon on the news.

If the merger takes place, Tim Hortons could expand its business further. It's already establishing a better presence in the U.S. with over 850 locations. With Burger King's help, it could enter more international markets and add even more U.S. stores.

The company is following Starbuck's and Dunkin Donuts by offering its coffee in supermarkets and grocery stores.

Tim Horton's is Canada's iconic coffee and doughnut shop. In Canada, the company holds 62 percent of the country's coffee market, while second place Starbucks holds only 7 percent, according to Bloomberg. In Canada, there are over 3,500 Tim Hortons locations.

What do you think of Burger King's proposed plan to acquire Tim Hortons? Have you ever been to a Tim Hortons? Leave us a comment and let us know what you think.