A negative effective mass can be realized in quantum systems by engineering the dispersion relation. A powerful method is provided by spin-orbit coupling, which is currently at the center of intense research efforts. Here we measure an expanding spin-orbit coupled Bose-Einstein condensate whose dispersion features a region of negative effective mass. We observe a range of dynamical phenomena, including the breaking of parity and of Galilean covariance, dynamical instabilities, and self-trapping. The experimental findings are reproduced by a single-band Gross-Pitaevskii simulation, demonstrating that the emerging features - shockwaves, soliton trains, self-trapping, etc. - originate from a modified dispersion. Our work also sheds new light on related phenomena in optical lattices, where the underlying periodic structure often complicates their interpretation.