<p>Globalization has erased borders between countries so that the flow of goods, services and funds across countries is quite easy. Investors can easily move their funds from one country to another that they think is more profitable. The capital market in Indonesia is an emerging market which in its development is very vulnerable to general macroeconomic conditions. Monthly report of the Jakarta Composite Index period April 2016 – November 2023 is taken to be the sample of this research. Interest rate, inflation rate, exchange rate, Dow Jones Index, gold price, and crude oil price are employed to predict the Jakarta Composite Index by using multiple regression method. Step wise technique is used to eliminate unsignificant variables. The result found that Dow Jones Index, exchange rate, and crude oil price affect to Jakarta Composite Index.  Surprisingly, Dow Jones Index has significant impact on Jakarta Composite Index. Changing macroeconomics in America has significant impact on macroeconomic in Indonesia.  Exchange rate USD to IDR and crude oil price have positive impact on Jakarta Composite Index. Stronger IDR increase Jakarta Composite Index. Crude oil price as primary energy sources to support economic activities also has a positive impact on Jakarta Composite Index. Higher economic growth requires crude oil, at the end crude oil price increase. Interest rate, inflation rate, and gold price have no impact on Jakarta Composite Index. Fluctuation of those variables still normal during the study.<strong></strong></p>