The study is conducted to examine the influence of The Fed Rate, inflation, dow jones index (DJI), exchange rate, and world oil price on composite stock price index. The study uses the monthly time series data from January 2013 to December 2017. The method used in this study is Vector Error Correction Model (VECM) method. The study shows that the influence of inflation towards composite stock price index is negative (-) in short term and long term. The influence of exchange rate towards composite stock price index is positive (+) either short term and long term. The influence of oil price towards composite stock price index is positive (+) in short term and long term. However, either dow jones index (DJI) or The Fed Rate has negative (-) towards composite stock price index.