Negative or rarefaction shock waves may exist in single-phase fluids under certain conditions. It is necessary that a particular fluid thermodynamic quantity Γ ≡ −½δ In (δP/δν)s/δ In ν be negative: this condition appears to be met for sufficiently large specific heat, corresponding to a sufficient level of molecular complexity. The dynamic formation and evolution of a negative shock is treated, as well as its properties. Such shocks satisfy stability conditions and have a positive, though small, entropy jump. The viscous shock structure is found from an approximate continuum model. Possible experimental difficulties in the laboratory production of negative shocks are briefly discussed.