AbstractSleep and emotion are both powerful modulators of the long-term stability of episodic memories, but precisely how these factors interact remains unresolved. We assessed changes in item recognition, contextual memory, and affective tone for negative and neutral memories across a 12 h interval containing sleep or wakefulness in 71 human volunteers. Our data indicate a sleep-dependent stabilization of negative contextual memories, in a way not seen for neutral memories, item recognition, or across wakefulness. Furthermore, retention of contextual memories was positively associated with the proportion of time spent in non-rapid eye movement sleep in a valence-independent manner. Finally, while affective responses to previously seen negative stimuli and to both old and new neutral stimuli decreased across an interval of sleep, effects for memorized items did not differ reliably between sleep and wake. These results add to our understanding of the complex interrelations among sleep, memory, and emotion.